I'm almost positive this shouldn't be anywhere close to 50k in materials for a shawl. Almost the entire cost should be in the ~50 velious level combines you need to attempt to go from 158 to 162 in tailoring; everything else combined should be under 5k. You can buy the materials for that way under the cost of a Choker of the Wretched.
You still probably need 10 hours of clicking to get the tradeskills up though even with max int. 50 hours seems like a reasonable total time estimate to farm all of the stuff you need yourself and do all the tradeskilling, but in that case the cost is 0. There's no way the total time investment for a choker is under that for a shawl unless you have access to some way of making more than 1k plat/hour (which some people do, so if you're pulling 5k an hour selling some specific multiquest component or tunnel flipping or something, this doesn't apply to you).
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