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Thanks for all the information! I really appreciate it. The seller of the earrings stated that the big stone was a “Yellow Lucite Jelly Belly” although I read somewhere else that in order to be considered a Jelly Belly, it had to be clear and transparent.I agree with Regina (Vintorious) that the earrings are '50s - they might be late '50s. The prong set stones surrounding the yellow stone are aurora borealis coated rhinestones. That process was introduced in the mid-50s. The design and the type of clip back are '50s not '40s. Do you know if the pale oval yellow stones are plastic or glass?
As Regina mentioned, the best way to tell when jewelry was made is to become familiar with styles from different eras - the the materials used, and the type(s) of closure. With earrings you want to look at the design of the clip back . In addition there are some findings that are unique to particular makers so you know who made it and when!
In addition to a number of books on the subject, there are some excellent resources online - and lots of people on the Forums who love the subject. It's a fun journey!