I have been doing a little bit of math-crafting, and came up with a few tid-bits about jewelcrafting/alchemy which may yield a neat profit when combined.
1) Adamantite ore sells for about 35-38 gold per stack on my server. That means about 9g per prospecting cast.
2) Prospecting adamantite yields on average 1.1 green gems, and 0.2 blue gems. On my server, the avg green gem value i guesstimated to be about 3-4g per. And Blue gems were about 40g per. 1.1*3.5 + 0.2*40 = 11.85g output per prospecting cast. This gives you a profit of 2.85 gold per prospecting cast, or 11.4 gold per stack of adamantite. The only problem then is "getting rid of" the products.
3) Earthstorm and skyfire diamonds can be transmuted once every 20 hours, and by my calculations the actual AH sell price seems to be about 40-60g profit per transmute, in addition to any procs coming from transmute spec. This seems to be a pretty good way of getting rid of green gems. These diamonds can then be sent back to the jewelcrafter who can cut them for another 20-50g markup!
4) With a bit of an initial investment of pattern-buying, you can cut all the blue gems you get and sell them for a 10g-15g markup.
So the end process for making money would be:
Buy up a ton of adamantite ore (buy anything below a threshold cost), prospect it. Buy a ton of primals (fire, air, water, earth), for transmuting diamonds.
Cut the blue gems and sell them
Send green gems and primals to alchemists, who will make earthstorm/skyfire diamonds.
Cut the earthstorms/skyfires and sell them.
Vendor Adamantite powder (or sell mercurial admanatite, depending on market)
I already have one alchemist, and *just* finished leveling 2 more up to 350. Haven't yet finished making them transmute spec yet (I will start as potion spec, then re-spec, as that is much cheaper than donating 4 primal mights)
I will update here once i find out just how profitable it is.
If it works out well, i think it will be a neat low-effort way to make gold without actually killing anything, =P
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