Comments on: Jewelcrafting Profit from Low Cost Gems

By: Dude

Dude — Wed, 31 Mar 2010 17:25:38 +0000

To be honest, making a 15% profit on a raw gem that costs 8g is simply not worth doing. You spend a lot of time monkeying with spreadsheets, trying to find a source that will sell you the gem for less, etc. etc., and in the end you walk away with 1.2g profit per sale. That’s ridiculous! Cut gems take up inventory space, so you will likely need to cut a few at a time, or use the mail as intermediate storage, all inconvinient. Get the PvP cuts, I make over 30g per sale on a 5g raw gem on rare gem PvP cuts, that’s really the only blue gems worth doing imho (ymmv on your server ofc).

Also, most farmers are based out of Stormwind, so I suggest to place your gem buying alt there and be online during Chinese prime-time. I am able to buy Ametrine for 82g and Cardinal Rubys for 125g straight from the farmers, just have to cultivate relationships. I am about to drop my Ruby buy price though as a lot of people are cashing out there honor flooding the market with them.

By: bachus

bachus — Tue, 30 Mar 2010 12:02:46 +0000

PS: “Profit” in my formula is a percentage so you also could calculate (buyprice * 1.15) * 5.2632 for a 15% profit

By: bachus

bachus — Tue, 30 Mar 2010 11:50:17 +0000

I expect the formula is meant like
(BuyPrice + wanted profit + ah cut)* ah cut

But that’s incorrect because adding the ah cut to to sellprice (to redeem that costs) will raise the ah cut once more.

Correct would be
(BuyPrice + BuyPrice * Profit) * 5.2632

You may wonder about the percentage. That’s caused by rounding accuracy & increasing ah cut again when trying to redeem.

But you can check it easily: set profit to zero, use my formula to calculate the ah cut, add the result to your buyprice to get your sellprice, imagine a sale and multiply your sellprice with 0.95 (that’s what you will get from AH) and the reslut should be identically with your buyprice

By: Kona

Kona — Tue, 23 Mar 2010 04:22:54 +0000

Since you try and source your uncut gems cheap from alchemists I was wondering if a post about how sweet Alchemy is would be upcoming? With no procs on my lvl 70′s+ I make 5 epics gems a day. Each one is over 100g profit and every other week I make 1000+ haste potions and sell them for over 300% profit without counting procs(Which on 1000 is around 275 pots).Also all the meta gems you want which proc as well and titanium bars.It’s the perfect support for your Jewelcrafter.

It really is a great profession that is still flying under the radar.

By: Rice

Rice — Mon, 22 Mar 2010 19:19:46 +0000

also, i have no idea where you are getting your formula for ah cut. Please explain

By: Rice

Rice — Mon, 22 Mar 2010 18:39:54 +0000

I think you are going about the spreadsheet incorrectly. When it comes to gem profits you should be aiming at a markup level first THEN setting your price for buying a gem based on that price based on the day’s market price. Learning cuts for JC is expensive and as such the JC’s are allowed to dictate the ammount they profit from a cut to a certain degree. This also makes all the value of different cuts enequal. You are “allowed” to ask for more money on more uncommon cuts (ie +20 expertise). Not to mention with my said method, you have a certain level of resilience against undercutters and the like since you are adjusting the price of the cut and not the price of the gems.

JMTC really

By: Kru

Kru — Mon, 22 Mar 2010 14:23:07 +0000

My only issue with this is that you’re not making money off Jewelcrafting, you’re making money off reselling gems. You could make most of the same profit (minus the small cut gem mark up) by reselling the raw gems on the AH.