Nacre also known as mother of pearl, is an organic–inorganic composite material produced by some molluscs as an inner shell layer; it is also the material of which pearls are composed. It is strong, resilient, and iridescent.

Nacre is found in some of the most ancient lineages of bivalves, gastropods, and cephalopods. However, the inner layer in the great majority of mollusc shells is porcellaneous, not nacreous, and this usually results in a non-iridescent shine, or more rarely in non-nacreous iridescence such as flame structure as is found in conch pearls.
The outer layer of cultured pearls and the inside layer of pearl oyster and freshwater pearl mussel shells are made of nacre. Other mollusc families that have a nacreous inner shell layer include marine gastropods such as the Haliotidae, the Trochidae and the Turbinidae.
The main commercial sources of mother of pearl have been the pearl oyster, freshwater pearl mussels, and to a lesser extent the abalone, popular for their sturdiness and beauty in the latter half of the 19th century.
Mother of pearl buttons are used in clothing either for functional or decorative purposes. The Pearly Kings and Queens are an elaborate example of this.
Nacre is also used to decorate watches, knives, guns and jewellery.
Source : https://en.wikipedia.org/wiki/Nacre