Feng Shui Masters consider Red Coral a symbol of wealth, good fortune and high status. Red Coral was one of the seven treasures in Eastern scriptures and is still used for rosaries by Tibetan monks. Apart from its beauty and color, Red Coral is believed to offer a calm optimism (great for meditation) which can lead to a sense of well being and inner peace. Associated with the Root Chakra, Red Coral symbolizes life and blood force energy and is said to strengthen self-esteem. It may help to connect with the quality of the mystic within and facilitate intuition. Coral is considered magical in the realm of crystals and gemstones. Underwater, it is frequently visited by the mermaid. Red Coral is said to ward off evil spirits and sooth fears and tensions while quieting the emotions.