Short post today, sorry, but I have a lot to do. Will do my blogroll later.
The new JC Meta gems are out on the market: Agile Shadowspirit, Reverberating Shadowspirit, and Burning Shadowspirit (Yes, still on WoWhead PTR). These are going to equal big gold for Jewelcrafters, or whomever gets them made.
The new gems are a big upgrade over the old 54 crit rating Chaotic Shadowspirit, judging by the fact that for my class/spec (elemental Shaman), Critical Strike Rating is about half as effective for me as straight up Intellect. I'm sure it's similar for others as well.
Don't bother trying to farm the recipes, though. They're BoE world drops, which means you just have to get "lucky." I'd recommend checking out the Auction House, although these patterns are very likely to go for upwards of 5,000g. It's like the new expansion all over again; a new item has just been introduced that is extremely helpful for raiders, and it is very rare. Supply and Demand, and all that.
Likewise, you could work out a deal with a Jewelcrafter; you supply the meta gems, and the JCer will cut the diamonds. You'll give him/her a set amount, and you sell the cut gems on the Auction House.
I've seen people offering to cut these gems for 1k. Yes, 1,000g JUST for them to click the button to make your gem. I'm all for tipping and charging for tradeskills, and I'm sure people are paying that 1,000g for the item to be made. Now is the time for profit!
Showing posts with label Jewelcrafting. Show all posts
Showing posts with label Jewelcrafting. Show all posts
Wednesday, February 9, 2011
Monday, February 7, 2011
Jewelcrafting for Quick Gold after Prospecting
First off, sorry for not updating for a few days; I was out of town unexpectedly, but now I'm back in the saddle again!
Let's talk about a quick and easy topic for making gold today: Jewelcrafting. The new jewelry pieces are about the same as the old ones, if you did the saronite shuffle back in the day. You take a gem and a jeweler's setting (purchasable for 1.2g from the vendor at exalted), and turn it into a jewelry piece that vendors for 9g. Considering the cut gem vendors for 9g, you're not really making any headway here. The real trick is to disenchant said jewelry piece, and sell the dust on the Auction House.
Last I checked, Alicite goes for 8g on my Auction House. 16g for 2, plus the 1.2g for the setting, is 17.2g. Disenchanted, this gives us on average 2 Hypnotic Dusts, or 2 Lesser Celestial Essences. The dust is what we'll break even on, they sell for roughly 8.5g, or 17g for 2 on the Auction House. The Lesser Celestial Essences, however, go for about 14g each. Assuming 75% of the time we get dusts, and 25% of the time we get essences (lesser), this gives us 19g, or a profit of roughly 2g per craft, or 1g per Alicite, over what you would have sold it for on the Auction House raw. This is, of course, discounting the rare-quality jewelry piece which you could sell for 100g or more on the Auction House.
Don't forget that Carnelians are much more valuable, being able to be crafted into Carnelian Spikes and disenchanted for close to 100% profit. You could also take the disenchanting game one step further and use the dusts and essences to make scrolls, which generally sell for more on the Auction House than pure materials.
That's all for today, check in tomorrow and we'll talk about bid-locking during maintenance.
Let's talk about a quick and easy topic for making gold today: Jewelcrafting. The new jewelry pieces are about the same as the old ones, if you did the saronite shuffle back in the day. You take a gem and a jeweler's setting (purchasable for 1.2g from the vendor at exalted), and turn it into a jewelry piece that vendors for 9g. Considering the cut gem vendors for 9g, you're not really making any headway here. The real trick is to disenchant said jewelry piece, and sell the dust on the Auction House.
Last I checked, Alicite goes for 8g on my Auction House. 16g for 2, plus the 1.2g for the setting, is 17.2g. Disenchanted, this gives us on average 2 Hypnotic Dusts, or 2 Lesser Celestial Essences. The dust is what we'll break even on, they sell for roughly 8.5g, or 17g for 2 on the Auction House. The Lesser Celestial Essences, however, go for about 14g each. Assuming 75% of the time we get dusts, and 25% of the time we get essences (lesser), this gives us 19g, or a profit of roughly 2g per craft, or 1g per Alicite, over what you would have sold it for on the Auction House raw. This is, of course, discounting the rare-quality jewelry piece which you could sell for 100g or more on the Auction House.
Don't forget that Carnelians are much more valuable, being able to be crafted into Carnelian Spikes and disenchanted for close to 100% profit. You could also take the disenchanting game one step further and use the dusts and essences to make scrolls, which generally sell for more on the Auction House than pure materials.
That's all for today, check in tomorrow and we'll talk about bid-locking during maintenance.
Friday, January 7, 2011
Buying Jewelcrafting Cuts vs Buying Chimera Eyes, and Fire Prisms
Here's kind of a no brainer that'll make you go "ohhhh....damn," after you read it.
Every day, you can get 1 Jewelcrafting token. This is good for 1 Chimera's Eye, or 1/3rd of a Jewelcrafting Cut.
If you take the Chimera's Eye, you'll get an instant bonus of 350g, every day (until prices start to drop, but just bear with me).
If you save for three days, the opportunity cost would be 1050g: the gold you would have earned from selling the Chimera's Eyes. I'm not sure about your realm, but on mine the cut rare gems go for around 100g, whereas the uncut go for around 50g. Some sell for more, and some sell for less, but on average it's about a 50g profit per gem.
Say you sell popular cuts, like the Bold or Brilliant Inferno Ruby, Timeless Demonseye, Jagged Dream Emerald, etc. and can sell 2 a day on a lower population server. After purchasing a recipe, it'll take the sale and profit of 21 gems, or 10.5 days, to make the same amount of gold that you would be making by purchasing a Chimera's Eye. This is a fairly long time.
Of course, YOU GET TO KEEP THE RECIPE AFTER THE 21 GEMS SOLD, so every gem sold after that is even more profit than if you would have bought the Chimera's Eye. /discussion.
Let's talk a bit about the Fire Prisms, as well. I've made a few, and they're not bad. HOWEVER, we're looking at the opportunity cost here. For a quick refresher, let's say that you mill x amount of ores. The cost of making the Fire Prism is whatever you paid for the orbs, we'll say 100g, after the excess uncommon gems are sold, and the rare gems are cut and sold (again, we're just using pretend numbers). The cost of the Fire Prism, therefore, is 100g. The OPPORTUNITY cost, however is 100g PLUS whatever you could have sold those 3 uncommon gems for. Again, your mileage may vary, but on my realm Nightstones go for 30g. That's 90g for the Nightstones, around 30g for the Zephyrite, 70g for Jasper, 45g for Carnelians, and we've covered 4 of the 6 gem types. 90 + 30 + 70 + 45 = 240g, it adds up quick. Hessonite goes for around 40g each on a good day, and Alicite is a bit cheaper at around 20g each. 120 + 60 + 240 = 420g.
On average, you'll get 2 rare gems from the Fire Prism. Cut, we'll say those are worth about 150g. So, 300g down off of the opportunity cost, and we're left with 120g. The chance of getting a Chimera's Eye, according to the WoWhead drop rate, is 9%, so we'll round up to 10% and subtract another 35g (10% of 350g), and we're left with 85g. So, we can see that if you sell each individual gem, you'll make on average 85g MORE than if you made the fire prism. Of course, if you're a lucky person and got a Chimera's Eye every 3 days instead of once every 10 days, then it'd be worth it (350g* 1/3 = 115g), but most of us will have to adhere to the 9% average drop rate.
Cliffs:
-Purchase gem cut patterns over Chimera's Eyes - it will eventually be more profitable
-Unless you can find the uncommon gems very cheap, do not make Fire Prisms
Every day, you can get 1 Jewelcrafting token. This is good for 1 Chimera's Eye, or 1/3rd of a Jewelcrafting Cut.
If you take the Chimera's Eye, you'll get an instant bonus of 350g, every day (until prices start to drop, but just bear with me).
If you save for three days, the opportunity cost would be 1050g: the gold you would have earned from selling the Chimera's Eyes. I'm not sure about your realm, but on mine the cut rare gems go for around 100g, whereas the uncut go for around 50g. Some sell for more, and some sell for less, but on average it's about a 50g profit per gem.
Say you sell popular cuts, like the Bold or Brilliant Inferno Ruby, Timeless Demonseye, Jagged Dream Emerald, etc. and can sell 2 a day on a lower population server. After purchasing a recipe, it'll take the sale and profit of 21 gems, or 10.5 days, to make the same amount of gold that you would be making by purchasing a Chimera's Eye. This is a fairly long time.
Of course, YOU GET TO KEEP THE RECIPE AFTER THE 21 GEMS SOLD, so every gem sold after that is even more profit than if you would have bought the Chimera's Eye. /discussion.
Let's talk a bit about the Fire Prisms, as well. I've made a few, and they're not bad. HOWEVER, we're looking at the opportunity cost here. For a quick refresher, let's say that you mill x amount of ores. The cost of making the Fire Prism is whatever you paid for the orbs, we'll say 100g, after the excess uncommon gems are sold, and the rare gems are cut and sold (again, we're just using pretend numbers). The cost of the Fire Prism, therefore, is 100g. The OPPORTUNITY cost, however is 100g PLUS whatever you could have sold those 3 uncommon gems for. Again, your mileage may vary, but on my realm Nightstones go for 30g. That's 90g for the Nightstones, around 30g for the Zephyrite, 70g for Jasper, 45g for Carnelians, and we've covered 4 of the 6 gem types. 90 + 30 + 70 + 45 = 240g, it adds up quick. Hessonite goes for around 40g each on a good day, and Alicite is a bit cheaper at around 20g each. 120 + 60 + 240 = 420g.
On average, you'll get 2 rare gems from the Fire Prism. Cut, we'll say those are worth about 150g. So, 300g down off of the opportunity cost, and we're left with 120g. The chance of getting a Chimera's Eye, according to the WoWhead drop rate, is 9%, so we'll round up to 10% and subtract another 35g (10% of 350g), and we're left with 85g. So, we can see that if you sell each individual gem, you'll make on average 85g MORE than if you made the fire prism. Of course, if you're a lucky person and got a Chimera's Eye every 3 days instead of once every 10 days, then it'd be worth it (350g* 1/3 = 115g), but most of us will have to adhere to the 9% average drop rate.
Cliffs:
-Purchase gem cut patterns over Chimera's Eyes - it will eventually be more profitable
-Unless you can find the uncommon gems very cheap, do not make Fire Prisms
Thursday, January 6, 2011
The Fall of Carnelian Spikes
As previously stated, Carnelian Spikes would usually Disenchant to Greater Celestial Essence x2, sometimes x3, and rarely Hypnotic Dust x4. This was a great investment, considering Carnelians go for around 20g each. 60g + 3.60g for the Jeweler Settings at Exalted yields a total of 63.60g, and Greater Celestial Essences sell for somewhere around 60g. Instant 100% profit.
It's not hard to see why the Disenchanting rates were nerfed, if you will, but it's unfortunate that Jewelcrafters and Enchanters no longer have this cash-cow. Upon disenchanting 14 of them last night, I received 9 Greater Celestial Essences, and 30 Hypnotic Dust. This still made the crafting and disenchanting profitable, but worth my time? It's borderline, but I don't think I'll be buying any more.
On a side note, Reputation grinding is terrible.
Cliffs aren't really necessary here, but:
-Carnelian Spike Disenchanting has been nerfed
-Usually get 4-5 Hypnotic Dust per Disenchant
It's not hard to see why the Disenchanting rates were nerfed, if you will, but it's unfortunate that Jewelcrafters and Enchanters no longer have this cash-cow. Upon disenchanting 14 of them last night, I received 9 Greater Celestial Essences, and 30 Hypnotic Dust. This still made the crafting and disenchanting profitable, but worth my time? It's borderline, but I don't think I'll be buying any more.
On a side note, Reputation grinding is terrible.
Cliffs aren't really necessary here, but:
-Carnelian Spike Disenchanting has been nerfed
-Usually get 4-5 Hypnotic Dust per Disenchant
Tuesday, January 4, 2011
Disenchanting for Fun and Profit... Okay Just Profit.
Today let's look at disenchanting. Sure, we all knew that the huge spike in enchanting mats wouldn't last when the expansion just came out; I remember selling dusts for upwards of 800g per stack. Now, they're roughly 350g where I am. But that doesn't mean you shouldn't disenchant items.
First, you have to look at the cost of selling the item on the auction house, and disenchanting it. If you have a level 84 green item that gives crit, agility and hit rating, chances are some hunter or rogue will want it. If you have a level 84 green item that has only spirit, chances are it won't be in as big a demand. Now that we're done discussing common sense, you have to ask yourself, do you want to wait for 100g profit, or would you rather 50g profit now?
Greens may come back to your mailbox a few times before they're sold, and with them take a pretty substantial deposit (upwards of 1g per 12 hour post). You may sell that green for 100g, but after listing it 3 times that's 97g. It's important to not discount the cost of the deposit when listing items, although it may seem trivial. Usually, the deposit is small enough to not be noticed, but if you're listing an item 10+ times, it starts to cut into your profit. Personally, I just disenchant all my green items because it's easier for me to group them together and sell. If you're into micromanaging, you could list them all individually for a slightly higher profit.
So, how do we get greens? Well, let's look at the 3 options:
1.) Finding them
2.) Buying them
3.) Making them
1.) Finding them - You could grind, or run instances. I find maybe 1-2 per day doing my daily quests, but this isn't going to get you rich. Higher level enemies drop higher level greens.
2.) If you purchase a level 82-84 green off the Auction House, you'll more often than not get at least 2 Hypnotic Dust, if not 3. Thus, the rule of thumb here is to purchase any green item, level 82-84, that can be bought for twice the price of one dust.
Ex. 2 Hypnotic Dusts on my realm go for 30g. I buy any green item, level 82-84, for 29g. I disenchant them, and most of the time I'll make my gold back, but when I get 3 dust it's like 15g in my pocket.
3.) Making them. Every profession has a cheap green item to make, although it may not always be worth it. Again, be sure that the item you're making isn't worth more in raw materials (unless you need a skill-up), or worth more as the item itself than the dusts. Jewelcrafting is great for this: recently, prices of Jasper have dropped to roughly 9g. Add in the cost of 1 Jeweler's Setting, and you have 10.20g (at exalted with whatever vendor faction). Disenchanting this yields 1-2 Hypnotic Dust. So, if I get 1 dust, that's around 4g profit. If I get 2, that's roughly 20g profit. Solution here is to buy all the Jasper on the Auction House, disenchant it to dust that moves very quickly, pick up the gold from the inbox, and /dance. I still sell Hessonite and other gems because they are worth more as the gems than they are as the dusts.
Cliffs:
-Disenchanting can be a very valuable way to make gold
-Buy level 82-84 greens selling for twice the price of Hypnotic Dust
-Make any greens that would be worth more as dusts than they would as items or raw materials
First, you have to look at the cost of selling the item on the auction house, and disenchanting it. If you have a level 84 green item that gives crit, agility and hit rating, chances are some hunter or rogue will want it. If you have a level 84 green item that has only spirit, chances are it won't be in as big a demand. Now that we're done discussing common sense, you have to ask yourself, do you want to wait for 100g profit, or would you rather 50g profit now?
Greens may come back to your mailbox a few times before they're sold, and with them take a pretty substantial deposit (upwards of 1g per 12 hour post). You may sell that green for 100g, but after listing it 3 times that's 97g. It's important to not discount the cost of the deposit when listing items, although it may seem trivial. Usually, the deposit is small enough to not be noticed, but if you're listing an item 10+ times, it starts to cut into your profit. Personally, I just disenchant all my green items because it's easier for me to group them together and sell. If you're into micromanaging, you could list them all individually for a slightly higher profit.
So, how do we get greens? Well, let's look at the 3 options:
1.) Finding them
2.) Buying them
3.) Making them
1.) Finding them - You could grind, or run instances. I find maybe 1-2 per day doing my daily quests, but this isn't going to get you rich. Higher level enemies drop higher level greens.
2.) If you purchase a level 82-84 green off the Auction House, you'll more often than not get at least 2 Hypnotic Dust, if not 3. Thus, the rule of thumb here is to purchase any green item, level 82-84, that can be bought for twice the price of one dust.
Ex. 2 Hypnotic Dusts on my realm go for 30g. I buy any green item, level 82-84, for 29g. I disenchant them, and most of the time I'll make my gold back, but when I get 3 dust it's like 15g in my pocket.
3.) Making them. Every profession has a cheap green item to make, although it may not always be worth it. Again, be sure that the item you're making isn't worth more in raw materials (unless you need a skill-up), or worth more as the item itself than the dusts. Jewelcrafting is great for this: recently, prices of Jasper have dropped to roughly 9g. Add in the cost of 1 Jeweler's Setting, and you have 10.20g (at exalted with whatever vendor faction). Disenchanting this yields 1-2 Hypnotic Dust. So, if I get 1 dust, that's around 4g profit. If I get 2, that's roughly 20g profit. Solution here is to buy all the Jasper on the Auction House, disenchant it to dust that moves very quickly, pick up the gold from the inbox, and /dance. I still sell Hessonite and other gems because they are worth more as the gems than they are as the dusts.
Cliffs:
-Disenchanting can be a very valuable way to make gold
-Buy level 82-84 greens selling for twice the price of Hypnotic Dust
-Make any greens that would be worth more as dusts than they would as items or raw materials
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