Diablo 3 gets patched up to 1.0.3. Expect massive downtimes
June 19th will see us getting patched up to 1.0.3. This will change quite a few things: better farming, easy farming and crafting costs reduced.
Particularly the jeweler will see a reduction in prices to craft lower level gems. I have spoken a bit about trying to make money off of patch 1.0.3, by buying square gems and hope they will go up in price and then sell them. However, the prices of flawless square emeralds have significantly dropped these last few days, but all is not lost!
Use the swings in the D3 AH to make money
I have had a chance to follow the gem market quite closely these last few weeks, since I have been on vacation from work. What better use of my time, than playing Diablo 3!
In this time the price of flawless square emeralds have dropped from 2500 gold to 1000 gold in just two weeks time.
Of course the lowest price it can sell for is zero, but that is not going to happen. I believe this is a small drop in price up to patch 1.0.3 hits. People are unloading their last gems at any price, because they expect the price to drop with the introduction of lower crafting costs. It might, but this will only be temporary and then square gems will start selling for more keeping the price of flawless square gems steady and slowly creeping up.
Then how do you make money on flawless square gems or rather emeralds? I have observed a clear pattern in the movement and it is easy to explain the pattern, so I believe it is going to be pretty steady in the future. In the early hours of the day, people throw up gems on the AH and they want them to sell. They do their due diligence and check the price. However, with more and more people wanting to sell their gems after a night of farming, the price keeps going down, since they undercut each other. In the case of emeralds, this takes the price from just below 2000 gold to just around 1000 gold. This is where you want to buy.
This oversupply of gems at around 1000 gold takes a few hours to get soaked up in the market and you start to see the price creeping slowly upwards again as the day progresses. Just after peak hours in the Diablo 3 AH, the price has crept up to 1500-2000 gold per gem again. You just need to make above 17,6% to break even, so an intra-day price increase of 50% is plenty for you. Observe this trend for a few days, notice the patterns, then buy in the morning and sell in the evening.
Making money on crafting in Diablo 3 – covetous shen style
One interesting thing I have noticed, is that despite the drop in price of flawless square gems, the price of radiant square gems has held incredibly steady at around 190,000 gold per gem.
This actually means you can now make money combining from flawless square gems and up to radiant square gems. As I write I can see the price is fluxing between 175k and 190k for a radiant square gem, but this is early morning and the price will go up during the day.
With a flawless square price of 1000 gold and tomes going for 400 gold, you break even on radiant square gems selling at a price of 183k. It is still a tiny profit, but nevertheless people have stopped selling at a loss. So the market forces are starting to assert their power and correct the prices.
Patch 1.0.3 will hopefully make us some money
If my earlier predictions of gem prices rising turn out to be off, don’t despair. Use the pattern I described above to unload your gems in the evenings on weekdays. Weekends will see more people playing and thus more gems on the market, meaning lower prices for you.
Also let inflation work to your advantage. More and more gold will enter the game and prices will slowly creep upwards on everything. So have patience and work the markets and the AH looking for bargains.