Otherwise I allow the other JCs to do the legwork of clearing out the garbage when certain cuts tank the market, as opposed to being the fully-engaged goblin who buys out the entire market of thirty 15g-20g Pussiant Dream Emeralds in the hopes of reseting the price. To me, 15g-20g means the gem is not selling, and thirty of them means the price has not yet hit the floor. This sort of dovetails nicely into a reader email I received:
[...] My problem that I am currently having is that while I hear that JC is a fantastic profession, I can't seem to find what is so lucrative about it at the current moment. I am aware of the 4.2 lull that might be hitting along with some people, so gems are not in as high demand, but my server (Blackrock... where everything is worth pennies) seems to have no demand for cut gems at all. I scour over my Undermine Journal on the jewelcrafting page, and the scene is pretty stark. Almost nothing seems to be moving right now.The unspoken preface to every gold blog post out there is the same as the ending to any fast food restaurant commercial: "Local participation may vary." Surely, I said to myself, things could not be that bad on other servers. Assuming that this gentleman is a proud member of the Alliance (as all gentlemen are wont to be), I walked doe-eyed into... a mental landmine.
Should I be cutting my losses at this point and stockpiling rare gems for 4.2, or am I missing something here?
The above is number of auctions posted for Bold Inferno Rubies in the last 96 hours, or four days. You can see me on the right, plodding along with my 3 Bolds per cycle, just as described. Conversely, we have this Athenae character on Blackrock posting an average of 32 Bold cuts every twelve hours. At around 25g apiece. From my prior experimenting with TUJ, we all know that TUJ counts canceled auctions as "sales," so it is possible some portion of that number represents vaporware. Regardless... that is pretty absurd. Where were all these Inferno Rubies coming from?
Stillfurious. Four-hundred and fifty-seven uncut Inferno Rubies in the last 96 hours. Stillfurious only auctions gems, and ironically, red gems like Inferno Rubies apparently makes up only 18.7% of the colors of warez he has available; granted, he posts in the neighborhood of 800+ gems a day. I remain baffled as to where all these goddamn Inferno Rubies are coming from, though, especially considering Heartblossom is 100g/stack, Carnelians are at 9g apiece, and Elementium Ore is at an eminently reasonable 26g/stack, but still relatively cost-ineffective in terms of 26g Inferno Rubies. Then again, TUJ is indicating there to be over 8,000 auctions of Elementium Ore at various times in the last few days...
So I suppose the answer to the implicit question of "what is so lucrative with JC?" is... well, it is clearly not lucrative at all on your server, unfortunately. Or, at least, not any of the Inferno Ruby cuts. Some random smattering of other cuts like Defender's Demonseye appear to be going for 75g apiece with uncut gems at 9g. The formal question of "should I cut my losses and stockpile for 4.2?" would be a definite maybe.
Here is the thing. I named this blog Player Vs Auction House because
It may be tough to read without clicking on it, but according to TUJ an Elementium Moebius Band worth 3299g only actually costs you 644g and some change to craft on the same server with those 25g Inferno Rubies. Blue 346 gear may not be as in season as it was a few months ago (and perhaps even less so moving into 4.2), but if your server is sufficiently large to support 8,000/day Elementium Ore stockpiles and 25g Inferno Rubies that depress prices for weeks, then it's likely enough newly dinged 85 toons are available for you to hawk your warez upon. Even "fire sale" prices like 1000g each is still nearly a 400g profit margin. It is risky this late in the tier with new patterns coming out and not being able to fall back on cut gems, but it is an option if you do not have another profession to easily fall back upon.