The Spiral Knights Wiki has the skinny on crafting:
Alchemy Machines are located in Haven,
Moorcroft Manor, and Emberlight. Haven
has several Alchemy Machines which can
be found in Guildhalls, the Bazaar,
Arcade, and the Town Square. The cost
of crafting an item depends on its
star level, and generally doubles with
each additional star.
- Alchemy Cost:
- ★☆☆☆☆: 200 crowns/ 10 energy
- ★★☆☆☆: 400 crowns/ 50 energy
- ★★★☆☆: 1,000 crowns/ 200 energy
- ★★★★☆: 2,500 crowns/ 400 energy
- ★★★★★: 5,000 crowns/ 800 energy
Usually, crafting
is much cheaper than buying the item
pre-made from a vendor, and also gives
the added possibility of creating a
unique variant (see below). Pre-made
items increase in price as their star
level increases. Thus, items with a
high star level are generally cheaper
to craft than to buy pre-made.