Most of the people making money in gemstones are cutters or long time dealers with access to stones in their country of origin or in the worldwide cutting centers abroad (from the USA and UK). They have incredible knowledge and a marketing presence that brings them buyers. They have the cash to buy in bulk at great discounts to the prices you will be offered for one or a few pieces. If you are to compete with them, you may have to accept a lower rat of return and do a lot of looking to find the rare good deal. Such is not for the faint of heart.
Last I looked the Chinese refractometers were about $85-$100. You might want to get one with a yellow filter and a light source if it looks good to you, for convenience. Of course, you also need the polarizing filter that should come with it. Make sure to buy all this with a return privilege, but esp. the refractometer, because sometimes they come out of calibration, so you need to check it when you get it with a piece of quartz, which is pretty much invariant.
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RoyJohn is spot on. I followed the same path starting about 15 years ago building military aircraft 40 hours a week and working weekends buying selling and learning about gems and jewelry on the weekend. After 15 years, getting my GIA GG degree and 1.4 million in weekend sales I still build military aircraft, but, that income is only about half what I earn selling gems and jewelry on the weekends online. Royjohn description of how I built my business and had the success I have is my story to a T. With my experience, education, effort, passion and dedication to the industry I am having my best year yet. My largest obstacle is misinformation, ignorance and lack of education regarding gems and jewelry from folks who think they know what they know, but, are very wrong. This misinformation comes from various sources, people and outlets but if anyone ever questions any information much can be verified or debunked by going to GIA.EDU. Remember, jewelers are jewelers and Gemologists are Gemologists in some cases they are both but seldom is that the case. Some of the mostoytragous
My story of how I got into this stoney world is long so wont bore anyone with all that, but it started with stone chips to make dragon head organites to help raise money for a charity for a young lady needing life saving surgery.
Nutshell, I have been dancing around the edges for 3-4 years and simply got more and more interested in everything rocks and jewellery. I once threw a thunder egg over my shoulder, literally, while working remote Australia. Another chap coming behind me picked it up and informed what it was. In the last 8-12 months I have committed fully to creating a company, including purchasing stock etc, Im now in boots and all!
One day I will be investing in tools of this trade. Hopefully sooner rather that later, thank you for taking the time to share your knowledge Royjohn, and to every one else who shares their knowledge and thoughts on whatever topics. I have found this to be such a fantastic community and am so glad I bought myself a pro-membership for Xmas
Joining the big U.S. thieves in banking, health-care, insurance might be a lot easier. I heard of one guy making a killing operating his own old-fashioned hot dog stand.
I gather that TV selling still works? Would not know. My TV selling experience began and ended decades ago:
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So when I started GW2 I brought some gems and converted them to gold because I *really* wanted some weapon skins that were many hundreds of gold on TP. Later I realized that really wasn't satisfying at all, so I started buying *everything* I needed with gold farmed in-game.
Now I'm debating with myself where to draw the line; I brought living world seasons with gems that I could've converted from gold, so maybe I could've done a couple weeks worth of fractals instead? I also want the 5 shared inventory slots pack, and I *could* liquidate my material storage to get that instead of buying gems...
It's already been shown that farming for gold in-game is NOT at all an efficient use of your time objectively, compared to working and then buying gems. But then, neither is playing the game at all! I enjoy the game, and to some extent I feel like using real world money to buy the things I want cheapens my experience. On the other hand, at what point should I deem something too much of a pointless grind and drop the cash, saving myself time to play content I enjoy more?
I've never been much of an MMO player before GW2. I played games like League of Legends, where the enjoyment came solely from playing, so buying skins with money to enhance that enjoyment was a no-brainer. In MMOs, a lot (not all) of the enjoyment comes from progression - and you can BUY progression, which makes for a strange dynamic.
I don't draw a line in the sense you're describing it. When I want to buy something I'll work out what it costs in real money and think about whether it's worth that much to me. If so I'll get it (buying gems if I don't already have enough). If not I'll work out what it costs in gold and think about if that's worth it. I tend to value gold less than real money, partially because it has fewer uses because I can only use it to get stuff within GW2 and partially because I rarely farm gold so whatever I have was earned while doing things I'd do anyway and therefore basically free. But that doesn't mean I'm going to get things I don't really want when there's always something else I could buy with it.
The second one has an added complication because the exchange rate often shoots up when new items come out, meaning exchanging gold on the spot makes things more expensive than they would otherwise be, so I won't do it then - I'll wait until I feel like I have some spare gold and the exchange rate is reasonable and do it then. (Sometimes I'll sell excess materials to get gold, but never ones I have a use for.) So that can mean missing an item's availability (although that's less of a problem recently, stuff seems to stick around for longer) and then I have to wait to get it later.
I know it sounds complicated, but usually if it takes me more than a minute to decide it's because I'm not sure if I really want the thing, not deciding how to pay. For example I think the Rebel Long and Short Boots look cool, but all the character's I'd use them on already have access to other skins which are just as good, so I'm not sure it's worth buying them when it's not really adding anything. I'm tempted but it's hard to justify the purchase in either currency.
As far as I remember I haven't bought gems to convert to gold. In-game items I just get with gold.
I understand the maths, but this idea never made much sense to me because there's too many other factors. For one thing there's so many other things I can do with real money, many of which are more appealing to me than items in GW2 that if I'm earning extra from work I'm not likely to spend it on items in the game. (And yes, for the same reason it's quite common that when I'm going through the process above I decide I like something, check what it costs in real money and decide I don't like it that much.)
But more importantly in my experience spending extra time farming (or just playing) a game is much more flexible than doing extra work. I've had a lot of different jobs and none of them have allowed me to randomly do an hour or two of overtime as and when I felt like it. Most of the ones which did offer over-time were so badly paid that there was a lot of competition for the extra shifts so they restricted how many you could do and there would always be something more important to spend it on. My current job doesn't allow me paid over-time except in very specific cirumstances, instead I get extra time off to balance it out. I know there are 'gig' jobs where you're sort-of self-employed and can do it as and when you feel like it but even that is a lot more hassle than sitting at the computer on a Saturday morning eating my breakfast while running around a map gathering materials. I'm not convinced it's a practical option for the majority of people. Also those jobs will eventually remove you from the system (effectively 'firing' you even though they say you were never an employee) if you don't do shifts often enough.
Maybe it works for aspiring whales who want to be regularly spending significant amounts on the game, but I suspect most people just want to buy the odd thing now and again (I've worked out I spend about 8,000 gems per year and I suspect that's more than a lot of people do) so it doesn't make sense to approach it that way.
I've never spent any money on the game other than the original release and all expansions. I've bought tens of thousands of gems with gold (probably hundreds of thousands actually). I always have more gold than I know what to do with so it never made sense to buy gems with real money. I did use some gem cards that I received as gifts though. I think 4,000 gems worth. I've always just been lucky with gold, I got a huge payoff from an early investment, and even got a decent profit ecto gambling, both the core and the PoF achievements maxed. Apart from that, I never really made much of an effort. 152ee80cbc
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