GradingNov 01, 2021
GSI Expands Services Ahead of the Holiday RushSourcingNov 17, 2021
Alrosa’s Q3 Sales Hit Highest Level Since 2010
But they were down quarter-over-quarter due to a shortage of rough diamonds.
Alrosa’s third quarter revenue from rough and polished diamond sales reached $1.05 billion, its highest third-quarter sales total since 2010. (Photo courtesy of Alrosa)
Moscow—Alrosa just recorded its best third quarter in a decade, with revenue topping $1 billion as diamond jewelry sales remain strong in the world’s two biggest markets, the United States and China.
The Moscow-based diamond miner’s third quarter revenue totaled 76.9 billion rubles ($1.05 billion), up 55 percent compared to the third quarter 2020, when sales totaled 49.7 billion rubles ($679.5 million).
However, Alrosa’s third-quarter revenue was down 18 percent quarter-over-quarter due to a rough diamond shortage.
The company said producers initially were able to meet the 2021 surge in demand using rough diamond stocks accumulated in 2019 and 2020, when end sales to consumers sagged. By the start of the third quarter, though, they’d run out of stockpiled rough and had to start using newly mined goods.
For Alrosa, this led to a 20 percent decline in sales volume, although it was strong third quarter from a comparative context.
Normally, the third quarter is one of the weakest periods of the year for diamond producers but for Alrosa, Q3 2021 was its strongest third quarter since 2010.
Related stories will be right here …
The Moscow-based diamond miner’s third quarter revenue totaled 76.9 billion rubles ($1.05 billion), up 55 percent compared to the third quarter 2020, when sales totaled 49.7 billion rubles ($679.5 million).
However, Alrosa’s third-quarter revenue was down 18 percent quarter-over-quarter due to a rough diamond shortage.
The company said producers initially were able to meet the 2021 surge in demand using rough diamond stocks accumulated in 2019 and 2020, when end sales to consumers sagged. By the start of the third quarter, though, they’d run out of stockpiled rough and had to start using newly mined goods.
For Alrosa, this led to a 20 percent decline in sales volume, although it was strong third quarter from a comparative context.
Normally, the third quarter is one of the weakest periods of the year for diamond producers but for Alrosa, Q3 2021 was its strongest third quarter since 2010.
Year-to-date, Alrosa’s revenue has totaled 261.3 billion rubles ($3.57 billion), more than double what it was at this point last year.
Third-quarter net profit of 25 billion rubles ($341.9 million) was down 17 percent quarter-over-quarter due to lower returns on sales but more than triple the third quarter 2020.
Year-to-date, the miner’s net profit has reached 79.2 billion rubles ($1.08 billion), up seven-fold versus the same period last year, on the back of recovering sales volume and rising rough prices.
Alrosa is increasing its production outlook for 2021, to about 32.5 million carats from previous guidance of 31.5 million carats.
It said sales volumes will depend on market demand, as well as its ability to push additional goods through any potential bottlenecks in production.
Long term, the company said it maintains a positive outlook for the diamond jewelry market, and said it expects rough diamond prices to remain high due in part to a decline in production.
Starting this year, global diamond production is expected to range between 110-120 million carats annually, down from 140-150 million carats per year prior to 2019.
The Latest
MajorsSep 08, 2026
Former Tiffany & Co. Exec Joins Exemplar Luxury GroupGretchen Koback Pursel is the new chief people officer at the company formerly known as Saks Global.
IndependentsSep 08, 2026
Ricky Bromberg, Longtime President of Bromberg & Co., Dies at 67 Bromberg is remembered as a Southern gentleman who always wore a suit and tie and treated others with kindness.
TrendsSep 08, 2026
Amanda’s Style File: A Hot Take on September’s Birthstone With high durability and a wide range of colors to choose from, sapphires may be the ultimate birthstone, Gizzi claims.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
ColumnistsSep 08, 2026
Peter Smith: Humor Is No Laughing MatterLaughter is often considered a distraction in the workplace, but it has benefits for both staff and management, Peter Smith writes.
Weekly QuizSep 03, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
IndependentsSep 04, 2026
Orloff Jewelers Will Soon Unveil a Bigger, Better LocationThe California jeweler is renovating its store in Fresno, with plans to show off the new space in December.
CollectionsSep 04, 2026
Chelsea Gabrielle Transforms Pilates Reformer Springs Into Ring A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
Events & AwardsSep 04, 2026
JCK Industry Fund Accepting 2027 ApplicationsThe deadline to apply is Nov. 13.
AuctionsSep 04, 2026
Christie's Names New Global Head of WatchesThe auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.
EditorsSep 03, 2026
Q&A: Simon G.’s CEO on Why He Won’t Use AI for Jewelry DesignZaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.
Events & AwardsSep 03, 2026
Here Are the First Recipients of Nina Pugliese Memorial Scholarship Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.
WatchesSep 03, 2026
Robert Pattinson Joins Jaeger-LeCoultre as Brand AmbassadorThe British actor, known for his roles in “Twilight” and “The Odyssey,” will star in a campaign for the Master Control Chronometre.
CollectionsSep 03, 2026
Sydney Evan Celebrates 25 Years With 4 New CollectionsThe “Confetti Disco,” “Champagne Cheers,” “Tuxedo,” and “Classic Punk” jewelry collections each capture a distinct spirit of celebration.
CrimeSep 02, 2026
CA Jeweler Gets 5 Years in ‘Phantom Rolex’ Ponzi SchemeNelson Holdo of Newport Beach pleaded guilty to multiple counts of felony grand theft and writing bad checks and was sentenced Monday.
AuctionsSep 02, 2026
If You Love Cats, This Jewelry Auction Is for YouCat ladies of the jewelry world, unite. Sandy Lerner’s “significant” collection of cat jewelry and other objects is going up for auction.
MajorsSep 02, 2026
Messika Names Former Omega Exec as New President, CEO of AmericasArnaud Michon, the former Omega USA President, will now lead Messika’s Americas region during its international development.
Events & AwardsSep 02, 2026
Emerald’s New Owner Introduces ‘Glitter in the Grove’The branding references the back-to-back jewelry shows that new parent company Forge will host in Miami's Coconut Grove this November.
AuctionsSep 01, 2026
UK Woman Uncovers Rare Patek Philippe Watch in Mom’s Jewelry BoxThe stainless steel Patek Philippe “Calatrava” watch from the 1930s sold for nearly $80,000 at a recent Hansons Cornwall auction.
ColumnistsSep 01, 2026
Your Jewelry Marketing Has a Bridal ProblemEngagement rings are important but don’t ignore the customers who are buying jewelry “just because,” Emmanuel Raheb writes.
MajorsSep 01, 2026
Kering Names New Pomellato, DoDo CEOsFormer Pomellato CEO Sabina Belli has been named president of Kering Italia amid a shakeup of Kering's new Jewelry division.
MajorsSep 01, 2026
Anne Marie Shulman Joins GPA GlobalThe veteran luxury packaging executive was appointed to help the company grow its North American business.
CrimeAug 31, 2026
$4M Van Cleef & Arpels Diamond Necklace Snatched From Vienna Museum Once the property of an Egyptian queen, the necklace was part of a larger exhibition of VCA jewelry at the Museum of Applied Arts (MAK).
GradingAug 31, 2026
GIA, Gübelin Gem Lab Confirm New Paraíba Tourmaline Deposit in EthiopiaThe labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.
Events & AwardsAug 31, 2026
Wisconsin Museum to Host Jewelry Exhibition“Chicago Collects: Jewelry in Perspective” at the Oshkosh Public Museum will feature works by Fabergé, Lalique, and Louis Comfort Tiffany.
CollectionsAug 31, 2026
Catbird Launches First Men’s Jewelry CollectionThe “Worn Well” collection is Catbird's take on classic men's jewelry.
CollectionsAug 28, 2026
Dolly Parton Would Have Loved This Butterfly Necklace This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.
