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I'm slightly confused. From what I've seen, many people said jewel crafting is a very profitable career. I just purchased a Delicate Queen's Garnet recipe that allows me to create red +50 agility gems. However, after looking for raw materials (Queen's Garnet), the going price for those in the AH is roughly 750G. I see Brilliant Queen's Garnet (the cut) selling for 450G. How is someone supposed to make profit with going rates such as these? Buying the raw material and cutting it just does not seem feasible.

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I haven't played in a year or so but don't you make money cutting peoples' gems for them? Offering services and getting decent tips was what I did back in the day and it brought in ~100g/day. –  Chris May 25 '12 at 15:33
    
Another avenue of profit is doing the Jewelcrafting daily quest, buying a Chimaera Eye, and selling it on the Auction House for 5-10x the cost of the gems you consumed to finish the quest (if any at all, depending on the quest). –  dpatchery May 25 '12 at 15:38
    
The likely reason they're at a discount is because people are using those gems to level up their JC or get procs; once you max out your JC you should be able to make money on the top-level cuts. –  Nick T May 25 '12 at 15:39
    
Right now in this phase of the expansion lifecycle there is very little turn over. People are not going to drop large sums of money for gems/enchantments/gear when in 2-3 months its going to be worthless. People are trying to clear out stockpiles of items and stock up on raw materials. –  Phil Hannent May 31 '12 at 12:28

3 Answers 3

The profiteering from buying raw mats on the AH and converting them to crafted materials is very low, if it all. This is true with just about any profession.

The real profit of JC comes from what people call the shuffle. If you have an enchanter or someone who doesn't mind disenchanting mass greens for you this is profitable on most servers.

  1. Buy/farm mass obsidium/elementium ore. Obsidium is slightly more valuable for this.
  2. Prospect all of it. Green quality gems are what you are hoping for.
  3. Cut all blue quality gems to whatever is most profitable.
  4. Craft all green quality gems into corresponding items
  5. Disenchant all the greens.
  6. Sell all the enchanting mats!

Notes

  • This is extremely time consuming. You get you what you put into this.
  • Find bulk sellers. I used to buy ~100-250 stacks a day.
  • Be careful to not flood the market. If you put up 40 greater celestial essences you're only going to drive the price down. Small increments are good.
  • The more time of the day you can watch your auctions, the better! If someone floods and undercuts you, undercut them back on the bid.
  • Tuesdays are your friend. Some days I wouldn't be able to sell all my mats made that day, but on Tuesdays I could usually push my inventory.
  • Find bulk buyers! If you notice someone buying a lot of your enchanting mats off the AH send them a whisper and ask if they'd be interested in bulk discounts.
  • You'll end up with a lot of leftover Hypnotic Dust. If you have a tailor, you can make Embersilk Bags.

For estimations of profit, check out this spreadsheet.

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Huh just out of curiosity (and as someone who's never played WoW), what's special about Tuesdays? –  Tacroy May 25 '12 at 16:48
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@Tacroy Tuesday is rollover day - raid lockouts reset (you can only clear them once a week) and arena point caps reset. This means people are getting a fresh flow of gear today, so demand for enchanting mats goes way up. –  Snuffleupagus May 25 '12 at 17:43

I think when people say it is profitable, they mean the service is profitable.

Collecting tips by hanging out in town and cutting gems for people looking for rare cuts can net nice tips from other players.

Buying a raw gem yourself and then putting it up for auction is not as profitable and is more risky. You are better off advertising your services and waiting for those who need you.

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What he said, also if you are out farming getting gems yourself then selling those you get a good profit but that does require work. –  Viper_Sb May 25 '12 at 15:45

In your particular example it is definitely not profitable to buy the raw material, cut the gem, and relist for a profit.

However, if you are doing your dailies and end up with a few gems, then that is pure profit (not counting time spent doing the daily, but you are gaining gold from those too).

Also playing the auction house to make money takes time and effort. Buying raw materials when the market is low and selling the cut gems when demand is high. It is difficult to turn a profit to those that spend more time on the auction house earning gold, but a set and forget method will generally not earn you money unless you are severely undercutting the market to sell that one item. Using an addon like Auctioneer will help you in monitoring the changes in market price for the gems, the high/low buy/sell values among other things.

People selling the raw material for higher prices than the crafted materials are trying to cash in on the immediacy of someone needing something (the uncut gem). Farming your own, or finding a guild mate/friend to set up an arrangement for cheaper raw cost than the auction house would be beneficial to making money on the auction house with cut gems.

If you are going the farming method, when putting things on the auction house, always check to see which you have the potential to earn more from, the uncut gem, or the final product. Don't put all your resources into one cut either, diversify into different cuts so you can offer more and have the potential to make more. If there is already an established jewelcrafter on your server and faction then competition becomes that much more fierce. When I was doing it, I would be logging in and relisting ever 2 to 3 hours to compete with the other guy. It is very difficult to compete on a server when there are established providers already. But if you have the time, you can beat them to earn the gold of the other denizens of Azeroth.

Jewelcrafting is a very profitable profession if you have the time to play the auction house, and sit around an idle advertising your services or paying attention to chat to people asking for a jewelcrafter to make them a gem. People tip pretty nicely for the service you are providing.

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