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Since Malachite is a copper carbonate mineral, slight greenish coloration may occur due to moisture. Slight discoloration and lightening of the green is natural and an indicator of the natural/real Malachite bead.
The image of the Laughing Buddha is based on a wandering Chinese monk, Budai (Hotei, in Japanese) who lived centuries ago and is believed to be Maitreya, or the Buddha to come. The statue's plump figure and benign countenance suggest contentment, magnanimity and plenitude.