What wrong with the diamond market?
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What wrong with the diamond market?
I posted some diamonds under price just to see if they sell they ben their for a month silver gold can't keep them on the shelves. I know level 8 not that high quality but man over a month and no one has bought and my quality has gone up but not going to make any if they don't even sell.
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after reading this thread i bout a 100m2 jewelry factory and it is so abismal i understand why not many people are in it, if you produce everything for yourself for a diamond ring it costs 650 caps Q0 and sells for 5k on the market problem is even with 80m2 worth of expansion i cant make more than 15 diamond rings an HOUR!!!
its a very poor buisness so stay clear unless you just want to say i make diamond rings
arent you impressed now 
maybe you could make a bit daily but not enough
its a very poor buisness so stay clear unless you just want to say i make diamond rings
arent you impressed now maybe you could make a bit daily but not enough
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Diamond rings are one of the most profitable businesses I know. Problem is that supply very early exceed demand and that significantly increases selling times.
Jewlery business was fine before these high power prices came. Now there is very little room for profit.....Or in other words, most of the profit gets power producers, huge loss for gold and silver producers and minimal profit for jewlery retailers......But I am not complaining, this is market economy:)
Jewlery business was fine before these high power prices came. Now there is very little room for profit.....Or in other words, most of the profit gets power producers, huge loss for gold and silver producers and minimal profit for jewlery retailers......But I am not complaining, this is market economy:)
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yes i saw that it cost me 30caps to make one diamond but i make my own power and it still cost 10 caps so if i were using someone else power at 0.1 it would be 100caps or 0.2 would be 200caps whihc is INSANE!!!stajny wrote:Diamond rings are one of the most profitable businesses I know. Problem is that supply very early exceed demand and that significantly increases selling times.
Jewlery business was fine before these high power prices came. Now there is very little room for profit.....Or in other words, most of the profit gets power producers, huge loss for gold and silver producers and minimal profit for jewlery retailers......But I am not complaining, this is market economy:)
so jewelry=high earning buisness if you make all the goods yourself
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felixbluindustries wrote:yes i saw that it cost me 30caps to make one diamond but i make my own power and it still cost 10 caps so if i were using someone else power at 0.1 it would be 100caps or 0.2 would be 200caps whihc is INSANE!!!stajny wrote:Diamond rings are one of the most profitable businesses I know. Problem is that supply very early exceed demand and that significantly increases selling times.
Jewlery business was fine before these high power prices came. Now there is very little room for profit.....Or in other words, most of the profit gets power producers, huge loss for gold and silver producers and minimal profit for jewlery retailers......But I am not complaining, this is market economy:)
so jewelry=high earning buisness if you make all the goods yourself
Do you see any difference between your power and power on market???
I do not.....Because they are all the same. If you use your own power to make diamonds, then sell diamonds, you don't make profit by producing diamonds but by using and consuming your own power. (with curent market prices) Would be much more profitable to sell power and not bother with diamonds production.....
HINT: It is not important whether you buy or produce by yourself. Costs are always the same. Everything you use has market value. And this is determined by supply and demand. Production costs are not important.....
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thats is what i forgot to mentionstajny wrote:felixbluindustries wrote:yes i saw that it cost me 30caps to make one diamond but i make my own power and it still cost 10 caps so if i were using someone else power at 0.1 it would be 100caps or 0.2 would be 200caps whihc is INSANE!!!stajny wrote:Diamond rings are one of the most profitable businesses I know. Problem is that supply very early exceed demand and that significantly increases selling times.
Jewlery business was fine before these high power prices came. Now there is very little room for profit.....Or in other words, most of the profit gets power producers, huge loss for gold and silver producers and minimal profit for jewlery retailers......But I am not complaining, this is market economy:)
so jewelry=high earning buisness if you make all the goods yourself
Do you see any difference between your power and power on market???
I do not.....Because they are all the same. If you use your own power to make diamonds, then sell diamonds, you don't make profit by producing diamonds but by using and consuming your own power. (with curent market prices) Would be much more profitable to sell power and not bother with diamonds production.....
HINT: It is not important whether you buy or produce by yourself. Costs are always the same. Everything you use has market value. And this is determined by supply and demand. Production costs are not important.....
there is a product cost and a real cost and i stand up and admit i am probally one of the few people who hates this idea but for once it works
if you did sell all you needed to make diamonds and gold ie power and water you probally wouldnt make as much as you would making the product(ie diamond rings) but even then power and water are much more sellable...
thats where other people argument susually fall down in my opinion but this is aprime example where it doesnt(for once)
i used to produce steel and people always say why dont you just sell your goods on the market you earn more......... ok say after a few days my coal iron and chemicals all at Q0 find a buyer i might sell for 150 caps in total the same amount of stuff it would take to make 1 steel... but now add in the 10% cost ie 15 caps and i make a profit of 135caps per products of steel yet steel is much more sellable at 134.5caps and everyone would buy it as its an integral thing in the game.
thats why i usually dissapprove of people moaning about warehouse costs and actual costs.......but on this one ill let you win
PS/EDIT: sorry about bad grammar and spelling but iv jsut got home from school to find a ton of homework to do and im all horrible and sweaty from running the 100m like 10bizzilion times >.<
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right now, it's not profitable to make diamond rings in jewel factories. but the profit in stores is phenomenal. and i mean really phenomenal. at times you can make more than 3 times profit than wardrobes (well since wardrobes seem to be the most popular store product, i'll use it as a standard to compare against)
having said that, it is a very difficult industry to be in. you need really high research levels and tons of silver. otherwise, it is not so advisable to enter the industry.
having said that, it is a very difficult industry to be in. you need really high research levels and tons of silver. otherwise, it is not so advisable to enter the industry.
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