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The shallow water reefs of the Coral Triangle, which stretches across Indonesia and north through the Philippines, host the world's greatest diversity of corals, fish, crustaceans, mollusks, and marine plant species. Now preliminary results from a joint Indonesian-U.S. marine survey indicate that the biodiversity runs deep. A remotely operated vehicle has captured stunning images of massive corals, as well as unusual crustaceans and fish living at depths never before surveyed, thousands of meters below the surface. And mapping of that sea floor has turned up a huge, previously unknown volcano.

"A horrendous slaughter is going on out here," said Peter D. Ward, a biologist from the University of Washington, during a recent census of the marine creature in the Philippines. "They're nearly wiped out." The culprit? Growing sales of jewelry and ornaments derived from the lustrous shell. To satisfy the worldwide demand, fishermen have been killing the nautilus by the millions, scientists fear. Now marine biologists have begun to assess the status of its populations and to consider whether it should be listed as an endangered species to curb the shell trade.

Deceptive marketing may help. The iridescent material inside nautilus shells is sometimes machined into pleasing shapes and sold as "Osmeña pearl." (In the Philippines - home to much nautilus fishing - the Osmeña family is a political dynasty, and its name lends cachet.)