Yes, that's right, beeswax, made from the stuff or honeycombs mixed with resin so the bead doesn't melt on a hot day. Traditional Tibetan design (from Nepal), includes tiny coral and turquoise chips, also mixed with resin, inlaid on brass. This bead also includes the sacred syllable in brass.
About 21mm diameter. Use it as part of a mala or other jewelry. Or just wear it on a simple pendant string -- it does command attention!