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  1. #1
    Praxel's Avatar
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    Prospecting Obsidium for fun and profit

    So over in this thread, we were talking about the price floor for Cataclysm ores based on the vendor value of gems. After thinking on it during my raid last night, I decided to do some research to see how much gold I could feasible earn off a stack of Obsidium if I relied on auctions instead of the vendor. Here's what I found.

    To figure out how much prospecting a stack of Obsidium is worth, you need to know the drop rate for the gems, and how much each gem is worth. The drop rates are easy... you average 6 uncommon gems per stack of Obsidium, with equal chance for each. You also average a 30% chance per stack to get one rare gem, with equal chance for each. So on AVERAGE, you'll get one of each uncommon gem for every stack of Obsidium you prospect. Easy. Now let's calculate the value for each gem.

    and are simple. Until Blizzard wises up, everyone will need these in quantity, because they're the ONLY way to level JC from 467 to 490 without relying on rare gem cuts (and having to do the daily quests to buy those designs). Sell every Nightstone and Hessonite directly on the AH. On my server, they run 80-100g each.

    is also easy. Save your gems until Zephyrite is needed for the Jewelcrafting daily, then list them all. Price will very wildly based on your server, so for our purposes, I'm going to call this 20g each.

    One can be crafted into a and disenchanted. You receive an average of 2 dust 66% of the time, and 2 lesser essences 33% of the time. On my server, dust runs 15g and lesser essences run 25g, so one ring is worth about 36g in enchanting materials. After the cost of the setting, this puts Jasper at about 34.5g per gem.

    Two can be crafted into an and disenchanted. Drop rates are the same as the ring above, but because you need two Alicite to make the pendant, this puts the value of Alicite at about 17g per gem.

    Three can be crafted into . The disenchanting data on Wowhead for this item is wrong; near as I can tell, it disenchants into 2.5 greater essences. That puts the value of a Carnelian at about 61.5g per gem.

    If you have an Alchemist, there's one more avenue you can explore. Uncommon->rare gem transmutes require three uncommon gems and three units of one herb, so check the auction price for each rare gem. You may be able to score more profit by transmuting your Zephyrites, Alicites, Jaspers, and Carnelians to rare gems than going down the disenchanting road.

    Ok! On average, we get one of each gem per stack of Obsidium we prospect. If we disenchant, that's a total expected value of 310g. But you also get a 30% chance for a rare gem, so add that to you calculation. I'll figure the value of a stack of Obsidium to be about 350g on my server, and Obsidium sells for 160g/stack. Easy profit. You just need to stay on top of the enchanting market on your server, and adjust your expectations as the price of dust and essences changes.

    Protip: Check the Jewelcrafting daily quest every day. Sell your Nightstones and Hessonites when they're needed for the daily quest. For the other three gems, see if they're being listed in the AH for more than their disenchant value and list accordingly.

    Bonus Protip: Check the value of lesser essences vs. greater essences, and make sure you list them for the greatest profit potential.
    Last edited by Praxel; December 23rd, 2010 at 06:05 PM.

  2. #2
    Zerohour's Avatar
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    Couple of issues: You lost me when you said to vendor Zephyrite, but that it is also for the daily. On days where it's used for the daily, these things spike up to over 100g a piece over here. I wouldn't vendor any uncommons moving forward, stockpile these because many JCs are going to be doing the daily until they have all the cuts and many are going to continue even after in anticipation of epic gem cuts (which isn't confirmed to be the way they will eventually work anyhow).

    For those underperforming gems (and gems that you commonly see at very low prices), if you have an herbalist with access to all nodes and an alchemist of appropriate level, 3 herbs of corresponding color will net you a rare gem - with no transmute cooldown. Xmute specialty can still yield 2-5 procs. I have an overstock of Carnelian - 15 minutes in Deepholm and some transmutes later I was sitting on 17 Rare Reds, which sold nicely at 186g each (I got 2 procs in the process, including a 5 proc). I haven't gotten any red cuts as of yet and gems seem to be depreciating so I sold them immediately to take advantage of the market. If I was to sell the herbs and basic gems here they would average about 15g each, so that's about 90g profit before procs.

  3. #3
    Good info, Praxel - it's nice to see the DE twist on all this.

    Zerohour, I've been silently wondering when it would make sense to start transmuting rares. Inferno Rubies hang out around 170g on my server, so now that Carnelians are getting pretty cheap (20-30g), it doesn't seem like a bad idea to do some transmutes. In fact, I'd say the market is heading that way. Transmutes will feed rare cut gems, and DE mats will feed enchants as guilds move into heroics. Uncommon gems will soon become just another middle-mat - like pigments.
    Retired - I blame Kathroman for everything.

    (that's a joke, eh)

  4. #4
    Praxel's Avatar
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    Quote Originally Posted by Zerohour View Post
    Couple of issues: You lost me when you said to vendor Zephyrite, but that it is also for the daily. On days where it's used for the daily, these things spike up to over 100g a piece over here.
    Nice! Guess it depends on your server... there's so much Zephyrite on my server that it barely cracks 10 or 11g on daily day here. If your server sees a significant increase in Zephyrite prices on daily day, then by all means, stockpile and list them. I'll update the original post.


    For those underperforming gems (and gems that you commonly see at very low prices), if you have an herbalist with access to all nodes and an alchemist of appropriate level, 3 herbs of corresponding color will net you a rare gem - with no transmute cooldown. Xmute specialty can still yield 2-5 procs. I have an overstock of Carnelian - 15 minutes in Deepholm and some transmutes later I was sitting on 17 Rare Reds, which sold nicely at 186g each (I got 2 procs in the process, including a 5 proc). I haven't gotten any red cuts as of yet and gems seem to be depreciating so I sold them immediately to take advantage of the market. If I was to sell the herbs and basic gems here they would average about 15g each, so that's about 90g profit before procs.
    Also very nice. I didn't realize the green->blue gem transmutes were zero cooldown, for some reason I assumed they shared a cooldown with the Truegold transmute so people wouldn't use them. I'll update for that as well.

    +rep for two excellent points

  5. #5
    Zerohour's Avatar
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    It made sense for me to transmute rares whenever I had a surplus. My druid has been out doing alot of farming of herbs the past few weeks and once I finished hitting 525 alch on my alt I had all these extra herbs. Because I bust up ores so I can get the mats for the dailies I end up with extras. The new portal system really makes getting around simple, and the druid is also a scribe so I can hearth all I want.

    It just makes sense because under the old system the uncommons would get vendored or turned into enchanting mats. The new JC recipes are a touch expensive at this point to make jewelry with so I couldn't justify trading apples for apples. While my plan takes a little more time, I double and triple the value of the materials and the druid gets some experience for farming. Win-win at this point.

    Thanks for the rep btw.

  6. #6
    Scot's Avatar
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    I just want to point out that actually disenchants into x2 or 3, not Lessers. I did a few quick calculations over here. You should value much higher.

  7. #7
    Praxel's Avatar
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    Fantastic! Even better. I'll update.

  8. #8
    One thing to add to this: Yesterday on my server, Jasper hit an all time low and I was buying them at under 10g apiece. So last night, I made about 100 and sent them to my disenchanter. In case you aren't aware, whenever you make this piece of jewelry, you have a chance to make a instead of a . I made 15 of them in this batch. So I thought "I wonder what these blue rings would fetch?" Instead of DEing the blue rings, I tossed them all up on the AH for 100g apiece. This morning when I woke up, 9 of the 15 had already sold. 100g for 1 jasper and a setting is even better than the money you can make from dusts and essences, and would raise the average value of jaspers ever more.
    Last edited by upfromtheashes; January 7th, 2011 at 09:53 AM.

  9. #9
    Mugsley's Avatar
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    My plan once I get my Enchanter set up has been to make jewelry but only DE the greens until I get a good 3 lists out of the blues (depending on which ones show up). I expect the blues to be worth trying to sell until the next major content patch (4.1), when gear will ratchet up a level.

    Depending on the day, I can find Elementium and Obsidium at the same prices, and I'm trying to pick up any of either that is below 110g a stack (avg price right now is closer to 150-160/stack for either one).

  10. #10
    I crafted some to send to a friend to DE, and I procc'ed some blues as well. When the mats came back, it seemed like the blues had DE'd into - can anyone confirm?
    Retired - I blame Kathroman for everything.

    (that's a joke, eh)

 

 

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