Place 4 ounces of beeswax in a glass canning jar and set it in a saucepan filled with water. Place the saucepan on the stove top, set the burner temperature to medium and stir the beeswax as it melts. Remove the beeswax when it liquefies completely.
Add 8 ounces of turpentine carefully to the melted beeswax, stirring gently as you combine the ingredients. Set the mixture aside at room temperature — as it cools, it will form a paste.
Transfer the wax to a small bowl. Add one part mica powder to three parts beeswax paste to tint the beeswax. Stir the ingredients well to mix the powder through the beeswax thoroughly.