A sparkling white topaz ring is just the thing if you like diamond jewelry but you're on a budget. We won't tell if you won't! Gem of hot summer nights and steamy red sunsets, ruby is the birthstone of July. Show the world the passions within you with a fiery ruby ring. Once considered more valuable than diamonds, a peridot ring is a must have. This "gem of the sun" is the birthstone of August and is a beautiful match for the lush green tapestry of late summer.