Passive income: NO

Earning passive income from precious stones flipping as a side hustle is possible, but it is not the typical way most people engage in this business. While it is theoretically possible to set up systems for automation and outsourcing to make the process more passive, it is not commonly achieved by the majority of participants. The setup costs range from $500 to $2000, including initial sourcing and marketing expenses. Time to profit can vary but usually takes around 2 to 6 months to see significant returns. Those who have successfully made this hustle more passive often have established networks, efficient sourcing methods, and strong marketing strategies. However, most individuals in the precious stones flipping community do not reach a fully passive income level and may need to actively engage in buying, selling, and networking to sustain their business. It is essential to be cautious of myths or misleading expectations around quick passive income in this field.