Many forms of coral are now a protected species so care should always be taken to make sure that any item containing this gemstone is a genuine antique. The most desirable coral gemstone was precious coral aka red coral. The distinguishing characteristic of this gemstone is it’s durable and intensely colored red or pink-orange skeleton, which is used for making jewelry. Reference: Wikipedia
The gemstone was popular during the Art Deco era and was often combined with onyx to give bold displays which were fashionable at the time.
Below are some examples and price guides of Art Deco coral items including an a buckle by Cartier and a rare clock with a lapiz lazuli elephant on top.