Buddhism is a widespread religion in Tibet, and Tibetan beeswax is considered to be one of the seven treasures of Buddhism. However, most of the genuine Tibetan beeswax rests in the hands of the native ethnic groups, which has been passed down from monk to monk, through generation after generation. And so, genuine Tibetan beeswax is not only considered to be one of the seven treasures of Buddhism, it is also a greatly valued family treasure, and is not generally sold.
In Tibet, the various esoteric sects of Buddhism use Tibetan beeswax to worship the Buddha, to show unity and to consecrate holy relics. It's believed that its effectiveness is far superior to ordinary beeswax, and the quantity passed down is also quite limited.