I'm making 10+ gems a day depending on procs, and I started putting them up for 5g undercut. I'm still making 30 to 50g per cut after mats. Just start taking a smaller profit for the almost guaranteed sale.
Edit: I use the remote AH at work, and while I was typing that I sold 2 Runed Cardinals for 91g each. It may just be the economy on your server.
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