From The Complete Dictionary of Symbols in Myth, art and Literature by Jack Tresidder
"Coral
Linked with healing power - an association based on tree, water and blood symbolism. In Classical mythology, the Mediterranean red coral grew from the blood of the Gorgan Medusa; after Perseus had rescued Andromeda from Cetus, the sea monster it is said that he laid the Gorgan's head down and immediately the sea weed turned into coral. Vasari illustrates this on a cabinet door of the studiolo of Francesco I (Palazzo Vechio, Florence) to indicate the precious contents. Coral was also thought to be a protection against evil. In Roman times, amulets of coral were thought to stem bleeding and protect children from illness or the fury of the elements, and coral necklaces were also popular medieval talisman for children. At one time, coral decorated Celtic weapons and helments. It was prized in India where jet black coral was used to make sceptres."
This is Eurocentric but maybe of some use to you.
All the Best
Jeff
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