Palangi means "rainbow." This bead is recently manufactured and measures about 3cm diameter. I paid less than $2 USD for this item, but these are often distressed and sold in the west for hundreds of dollars. Contrary to what you might believe, those beads with the pitted surface are usually faked. Truly old beads usually have a smooth surface. If there is white powder visible inside the hole, it is recently manufactured. However, crafty counterfeiters will usually rasp away the interior of the hole to create the appearance of age.
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