Nanhong. The price difference between Nanhong and beeswax mainly depends on factors such as texture, color and market demand. The price of Nanhong is relatively more expensive than beeswax. Nanhong is a common ruby, mainly produced in China, Yunnan and Myanmar. It is brightly colored, well-made, showing good transparency and luster. Because of its ruby appearance, Nanhong is considered as a "precious gem".