The market for coral in the United States is thriving. There is apparently still enough supply, either from new sources or stockpiled inventory, to meet demand, whether for precious red coral from the Mediterranean Sea, dyed Tibetan coral, or pink coral from the Pacific. However, the coral industry is bracing for an eventual worldwide shortage. The availability of new coral is dwindling as underwater supplies are depleted. That is the main reason why red coral is scarce and prices are going up each year.
