The jewelry company has closed its three California brick-and-mortar stores, as well as its online shop, for now.
Alrosa Reports 5% Drop in Rough Diamond Sales in Q3
But the mining company said sales picked up in the second half of the quarter, marking a “turning point” in destocking in the midstream.

Moscow—Oversupply in the midstream continues to impact the industry’s diamond miners, though Alrosa said the latter half of Q3 marked a “turning point” in destocking.
The Moscow-based miner reported a 5 percent year-over-year decline in all diamond sales (gem quality and industrial) in the third quarter to 6.4 million carats. Gem-quality rough diamond sales specifically fell 8 percent, as cutters and retailers continued to reduce their respective stocks.
Year-to-date, sales are down 13 percent to 25.3 million carats, mainly due to a 14 percent drop-off in demand for gem-quality rough.
In value terms, sales shrank 37 percent year-over-year to $601 million in the third quarter and are down 34 percent on the year to $2.39 billion.
Weaker demand for diamond jewelry, particularly in the United States and China, caused the decline, Alrosa said, as did the continuing difficulty midstream producers face in securing financing.
Also contributing is consolidation and increasing online sales on the retail end of the business.
There are fewer businesses, and many of those that remain require less stock—either because they are e-tailers or brick-and-mortar retailers that have gotten more efficient with inventory management—which, in turn, means cutting and polishing companies need to buy less rough from miners.
However, Alrosa said rough diamond sales recovered in the latter half of the third quarter, marking a turning point in the scramble to destock and “creating a basis for the market recovery in the future.”
RELATED CONTENT: De Beers’ Production Down 14% as Mines Close, Market SlowsWhile sales were down in the third quarter, Alrosa’s production rose 15 year-over-year to 12.1 million carats, buoyed by mining at a new deposit, V. Munskoye, and increased production at the Botuobinskaya kimberlite pipe.
V. Munskoye is part of the Udachny Division, which also includes the Udachnaya and Zarnitsa pipes and alluvial deposits in the Republic of Sakha (Yakutia); Udachnaya is the kimberlite pipe that just yielded a 232-carat diamond.
Also located in Yakutia, the Botuobinskaya pipe falls under the Nyurba Division, which also includes the Nyurbinskaya pipe and alluvial deposits.
Year-to-date, Alrosa’s production has totaled 29.7 million carats, up 12 percent year-over-year.
The Latest

The company is providing the opportunity for an FIT student to work alongside master diamond cutter Willie Lopez in its workshop.

He is remembered for his successful entrepreneurship, generosity, and dedication to his family.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The jewelry store chain has reportedly been struggling with costs related to tariffs as well as tough retail competition.


Welcome warm summer days with red hot rubies perfectly chosen as July’s birthstone.

Co-founders Afzal Imram and Lin Ruiyin brought their son’s story of a cosmic egg, toadstool, and railroad to life in their new collection.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

The best time to prepare for the holiday season is right now, according to columnist Emmanuel Raheb.

This year’s winner is Morgan Keefe, who is currently studying at GIA to be a gemologist.

“The Jewelry Book” comes out this September.

The company is focused on modernizing the custom jewelry buying experience with e-commerce tools like product visualization and 3D styling.

Following its recent acquisition, the storied brand has updated its leadership team and regional managers.

AGS also named the recipient of its “Women in Leadership” scholarship.

The 20-karat yellow gold and diamond wrap ring is modeled after the Monstera plants in the garden of the brand’s Miami villa.

Rocksbox President Allison Vigil shared the retailer’s expansion plans, and her thoughts on opening stores in malls.

The creator of the WJA Chicago chapter is remembered as a champion for women in the jewelry industry and a loving grandmother.

The decline was consistent across age groups and almost all income groups, with tariffs and inflation still top of mind.

The “Playlist: Electric Dreams” collection brings lyrics from the musician’s song, “Little Wing,” to life through fine jewelry.

The event is set for May 16-19 in Detroit, Michigan.

The Vault’s Katherine Jetter is accusing the retailer of using info she shared for a potential partnership to move into Nantucket.

Agents seized 2,193 pieces, a mix of counterfeit Cartier “Love” and “Juste Un Clou” bracelets, and Van Cleef & Arpels’ “Alhambra” design.

The designer brought her children’s book, “The Big Splash Circus,” to life through a collection of playful fine jewelry characters.

The trade association has chosen the recipients of the funding initiative it formed to foster the growth and sustainability of the industry.

Associate Editor Natalie Francisco shares 20 additional pieces that stood out to her at the Couture show.

Lori Tucker started at Williams Jewelers when she was 18 years old.

The “Marvel | Citizen Zenshin” watch is crafted in Super Titanium and has subtle nods to all four “Fantastic Four” superheroes on the dial.