I know this may not sound credible. I am not educated on this topic, so I will relay what I saw and was told.
On July 21st (or maybe the 22nd) 2015 we were diving on Molasses Reef (near the Winch). I honestly don't recall if it was the noon dive or the twilight dive, since I had the same buddy and guide for both. There were randomly appearing white clouds near the coral, approximately 3-4 feet across as they dispersed. There were only a few when we started the dive, but they became more frequent.
I asked my guide what they were, and he replied "The coral is spawning, which is strange at this time of the day." This is why I am confused about which dive (noon or twilight).
I did not know this was a rare or unique event, so I didn't log it. I checked the lunar cycles, and the full moon was not for another 9 days (July 31).