The Carving is Tibetan mantra “ Om Mani Padme Hum”
Om (ohm)- Om is the sound or “vibration” of the universe. This sound is the most important of all; but in the context of chanting and mantras, it is meant destroy attachments to ego and establish generosity.
Ma (mah)- Removes the attachment to jealousy and establishes ethics.
Ni (nee)- Removes the attachment to desire and establishes patience.
Pad (pahd)- Removes the attachment to prejudice and establishes perseverance.
Me (meh)- Removes the attachment to possessiveness and establishes concentration.
Hum (hum)- Removes the attachment to hatred and establishes wisdom.