The name of Topaz may derive from Topazos, a word meaning ‘to seek, which was also the name of an obscure, difficult to locate island in the Red Sea. However the gemstone found on that island is actually peridot. a other possible derivation of the gemstone’s name is the Sanskrit word Topaz, which means ‘fire’. Topaz is a stone of love and good fortune, and is highly effective for bringing successful attainment of goals. It is great for attracting the right person into one’s life, for friendship, love or business, or to improve existing relationships. It enkindles honesty, faithfulness and trust.