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Global Gem Market Crash

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The gem market has crashed overnight. The value of Legion gems has dropped to 1/4 of their usual price.

Gem Market Crash

It's happening as we speak. Legion gems, namely Saber's Eye of IntellectSaber's Eye of Intellect,  Saber's Eye of AgilitySaber's Eye of AgilitySaber's Eye of StrengthSaber's Eye of Strength are currently being duped, and many realms are reporting high influx in quantity and high price drops. The gems have dropped to approximately 1/4 of their usual value and everything happened just overnight! Crafting material cost is far higher than cut gems what makes Jewelcrafting no longer as attractive.

TSM Snipers Beware!

This is a warning for anyone using the TradeSkillMaster add-on for sniping items. Don't buy these gems IN BULKS if they appear in your filters, you will only lose your precious gold. The same applies if you see Level 1 characters selling them for cheap. You won't be able to make much profit with such spikes in supply.

The Undermine Journal Reports

Checking US-Illidan, the prices of Saber's Eye of IntellectSaber's Eye of Intellect have dropped from 20,000 down to as low as 5,300 Gold per piece in just two days. This isn't going on only in Americas, have a look at Aegwynn (EU).

We'll have to wait and see if the prices will become stable once again or if Jewelcrafting is going to be dropped by a lot of players. Is your realm affected?

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Completing a purchase via the Auction House, for any items that have been proven to be duped (compromised) are protected. You will get your gold back, but items considered compromised, will be removed and returned to the rightful owners. Items purchased within trade, are not protected, you will lose your gold and items that you purchased.

I know this, thanks to assistance from @BlizzardCSEU_EN on Twitter as I was concerned regarding the recent flooding of TCG pets.

As the OP mentions, be vigilant, when purchasing anything, especially when the deal looks too good to be true and steer clear of trades, especially when the seller is a level 1.

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I'm guessing chinese found the dup. every year they have to screw with the market. 

Last time I remember they duped Spectral Tigers and sold them online ridiculously cheap, and right before that they duped JC tiger mounts in pandaria xpak. How about we block the entire country's IP addresses and get it over with :P

 

EU - Twisting Nether, Saber's Eye of IntellectSaber's Eye of Intellect used to be around 25k to 30k, it's 9k on AH now.

Edited by mnime

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EU-Blackscar, one guy dropped prices of Saber's Eye of Agility from 15k to 9k. Happened today, few hours ago, and he's lowering prices for crazy amounts (putting up 10 at once)

I dunno, maybe we can write to GM (somehow, can't find the real reason to do that) to check?

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Confirmed for Argent Dawn EU. and I was wondering what's going on... We were only 3 people with 800JC and suddenly the prices just crashed.

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Sadly it was inevitable, with prices so high and so few crafters on some servers it's a good return for the dupers.  

Blizzard really need to do more to clamp down on this as for some players, gold making is just as much a part of the game as raiding or high end PvP.

For those players that have pushed their JC all the way to 800, spent a lot of gold in the process it really must be a kick in the teeth.

Remind's me a lot of Dragon Soul when the epic gems were so rare and seeing level 1's in trade offering 100's during the first week of raiding!

My advice to crafters - try and ride out the storm, you can't really compete with someone who obtained them for "free" and you'll only get frustrated.  It will just push the prices down even further.

For buyers - it's too hard for me to say don't buy an item cheaper than you expected, as for a lot of people wanting the gems it's to ensure you can keep your raid spot, improve your toon.  Just ensure you buy from the auction house like Graham suggested above.

For Jewelcrafters who aren't yet 800 and considering pushing their profession to max - play it safe and see what happens over the next few weeks!  Remember to use Darkmoon Faire for the +5 skill points but don't inverst anymore gold until we see what Blizzard does.

First Obliterum, now gems - sigh.

 

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On 10/1/2016 at 10:15 AM, Peelyon said:

Remind's me a lot of Dragon Soul when the epic gems were so rare and seeing level 1's in trade offering 100's during the first week of raiding!

This was just crazy. I remember logging on one day, noticing all my auctions were expired after normally selling. Looked in trade, people selling them for 1/10th of the price in quantities of 100+. Was just horrible.

It happens in the TCG market too. It can be so fickle because a simple wave of duping completely screws everything up.

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