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! Tanzanite is the new birthstone of December and has a unique purple-blue color. A tanzanite ring is one of the newest fashion trends and is a must for any jewelry collection. 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.