The blogs have been talking about the Glyphmas we have just had. But to be honest there is still a Gemmas in prgress.
A while ago I posted about how I bought a truckload of gems at 40g, and that I liquidated most of them. As I didnt see a large gap between 4.0 and Cata, I didnt worry much about it. I still kept some.
However the prices are very large. Raw epics are still selling 130g+. Cut epics are selling up to 200g.
There are large gaps in the cut rare gem markets.
I know that Alchemists were expecting Christmas where there was no cooldown on transmutes. You got Boxing Day instead. There are uncut rare gems for 6g, and uncut epics for 130. At these prices it is most definitely worth transmuting every day. Buy transmutes from guildies and trade.
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Probabilistic Uncertainty
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