Yes, you are right.
Both coral (from the Mediterranean Sea) and turquoise (from Persia/Iran) were very abundant and rather cheap in Ottoman Turkey.
Turquoise was massively exported to Europe, to the point it got its name TURQuoise from TURKey (albeit it originated in Persia).
And this type of decorated swords and daggers were equally abundant in Ottoman Turkey (especially in the late 19th and early 20th century) but were mostly reserved for export, presentation or parade (like part of the traditional costume at weddings) items and not for real combat. That's why you can see very few of them in Turkish reputed museums (like Topkapi Palace Museum or Istanbul Military Museum).
However, some are very decorative and collectible as they represent a significant style and trend for the period.
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