Greek authorities have seized approximately €800,000 worth of protected Mediterranean red coral from a leisure yacht off the island of Skopelos. The vessel, chartered by Italian nationals, was intercepted in a joint operation by AADE’s financial crime unit (DEOS) and the Hellenic Coast Guard. The cargo was reportedly bound for Italy.
Investigators are expanding the probe to identify the wider smuggling network and the intended recipients of the illegal haul in Italy.
Why Red Coral Is Called the Mediterranean’s “Red Gold”
Mediterranean red coral (Corallium rubrum) is one of the most valuable materials in the jewellery industry. A raw haul valued at €800,000 can be transformed into finished jewellery worth several million euros. The species is strictly protected under European environmental law, making unauthorised harvesting a serious offence.
The yacht was found carrying diving equipment and specialised tools consistent with organised underwater extraction in the waters of the Northern Sporades.
Ecological Damage That Can Last Centuries
Marine biologist Christos Taklis has warned that the illegal removal of red coral causes long-term harm to Greek marine ecosystems. The coral typically grows at depths of 15 to 300 metres and forms vital biodiversity hotspots that provide shelter and breeding grounds for many marine species.
“Red corals grow just a few millimetres a year,” Taklis said. “When a coral area is destroyed, it can take centuries to recover.”
He noted that each habitat is unique, making natural restoration extremely difficult. Greece still lacks a complete map of its coral ecosystems, leaving many colonies poorly protected.
Strict Rules Were Ignored
Coral collection is only allowed under a tight regulatory framework that requires special permits, quotas, full catch recording and proper export documentation. Authorities describe the Skopelos case as one of the largest and most organised illegal coral operations uncovered in Greece.
Taklis has called for stronger enforcement, including tighter Coast Guard and customs controls, better European traceability systems, and penalties several times higher than the value of the illegal profit.
The investigation continues in coordination with Italian authorities.
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