"All jewel crafting and slotting timers have been reduced to 1 second, so upgrading your gear is instantaneous!"
The only thing that wasn't clear was whether upgrading gems would also be instant. (It is.)
The price of the dragonite bar has actually gone down since your previous thread. It was at over 5m. Now, it is at 4.5. You should be able to get it cheaper if you check the trader's section of the forums.
Good luck.
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