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According to Lama, prices of the Bodhi beads differ depending on the size and quality. “A single tree can produce more than five different variants and the beads from a same tree are priced as high as Rs300,000 to a low of Rs5000 per unit.”
Moreover, Chinese online marketplace Alibaba has enlisted 15 prominent suppliers from Nepal who export Bodhichitta beads to major markets of Taiwan, China, South Korea, Japan, Sri Lanka and the US, among other countries, where Buddhism has flourished as a way of life. The beads, depending on the purpose, have been priced from $5 to as high as $4500 on alibaba.com.
“Queries for our products have increased these days,” said Ashok Dhamala, owner of Eco Incorporation Group, a supplier whose shop has been listed on alibaba.com. “The online market presence is also expanding by the day and the future growth prospects of online trading of the beads are high.”
According to Dhamala, the annual export market is worth $10,000-12,000. “As more people are being aware about the international demand for Bodhi seeds, the market is likely to move towards saturation soon,” he said.Bodhichitta traders are witnessing a boom in business amid rising demand for the religious product, they have said.
Bodhichitta is a holy tree, and according to Buddhism, Lord Buddha received enlightenment under the same tree. Bodhichitta beads are threaded to make rosaries which are used to count chants (mantras).
The beads originating in Nepal are in high demand because they are considered to have high quality. “The demand for Bodhichitta has swelled substantially and so have the prices,” said Lapsang Lama, owner of Natural Budhha Chitta, manufacturer and exporter. “The market has grown by 25 percent and the annual revenue has increased from Rs20 million to Rs30 million this year.”
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