When Cata hits, Northrend Epic gems will end up where BC epic gems are now - worth a few gold for levelling purposes. That's OK. We still have months to go for Cata.
I have noticed a 20g drop in gem prices lately, but I saw an interesting offer in trade. WTS Cardinal Ruby 1k/stack, Ametrine 800g/stack; Dreadstone 800g/stack. This is much cheaper than recent prices. The (level 1) seller had a *lot* to sell. He was quiet, but did seem to speak some English. With the gems and quantity he sold, I suspect a battleground farmer.
This is significantly cheaper than I bought my existing stockpile for. That cost is 'sunk', and I have written off the difference as the new reality. I bought the lot.
I will be selling these gems off, cut or uncut, but I am unsure if I will be buying many more gems. With out me buying (and some weeks I will buy a hundred or more), there will be more gems available on the market and that will drive the market price down.
I know that Epic gems will devalue between now and Cata, with the only question being when. On Caelestrasz, it looks like that devaluing may be starting now.
Anyone want to buy some bargain priced gems?
... and that's how I made 350B yesterday - Skill trading was deployed yesterday and with it unprecedented opportunity to make ISK at the expense of morons. For reasons unknown to me, they paid 350-4...
3 minutes ago