02-22-2007, 07:20 PM
Quote:As for the economics of jewelcrafting, there are none, and won't be, as long as the price of mats is greater than that of finished products.
Part of the problem with your economic analysis is that you're stepping from Ore->Cut Gems. You should really go from Mining->Jewelcrafting Products.
When I'm out mining Adamantite, I'll pick up:
1. Adamantite Ore
2. Motes of Earth
3. Uncommon gems
4. Eternium Ore
5. Rare gems
In roughly that order of occurence from most often (#1) to least often (#5). Along the way I'll pick up fel iron and khorium. The fel iron goes in the mail to a Blacksmithing friend (he likewise sends me his spare gems). For every stack of Adamantite I mine, I'm also picking up a Primal Earth and several gems. So the gem supply from prospecting the stack of adamantite is not the entire flow of gems from the activity of mining, it's only part of it.
That being said, I think the intent may be for Gem Cutting to be a service (like enchanting) and not a product. With many recipes being rare BoPs, it makes more sense to me to provide the service of cutting gems and not attempt to anticipate market demand for +8 Parry.
However, I rolled Jewelcrafting for the benefit of my friends and have no intention of ever making money on it.