Jewelcrafting - Sparkly Gems for Fun and Profit

Most people consider Jewelcrafting kind of a money sink. I'm not sure where this rhetoric came from, but go on and ask someone if they think Jewelcrafting is a good money spinner. It's like asking of Blacksmithing can make money for you. Well, it's partly true. You stand to spend a lot of money raising your Jewelcrafting skill, but once you hit 315, you're golden for my purposes.

If you're a miner, save the high-end ore you mine. If you need to, buy it from the Auction House. Once your Jewelcrafting his 275, you can prospect Fel Iron Ore, and once it hits 315, you can prospect Adamantite Ore. Prospecting means you use the ore in order to look for gems in it. Gem drop rates have gotten a boost lately, which is nice, though it knocked prices down. The process is simple: get ore, prospect gems, hope for a blue, sell uncut gems. Even if you have to buy the ore, you might be able to easily make up the profit by selling the gems. Check your Auction House prices on gems before you do this! If they're really low, you might want to wait for the market to go back up.

The best part about this tip is that is conceivably requires no effort from you. Buy ore, sell gems, repeat. With the right economy under you, you can stand to make a ton of money by doing this!