IndependentsApr 23, 2026
Meet the Real Moms of Day’s JewelersThe jeweler’s Mother’s Day campaign highlights the women who work there—mothers, grandmothers, women who want to be mothers, and dog moms.
SourcingNov 04, 2019
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.
Alrosa saw sales drop but production pick up in Q3 due to a new deposit and improved efficiencies at one of its kimberlite pipes. Pictured here is the mining company’s Udachny open-pit mine that consists of two pipes, Udachnaya and Zarnitsa, and is known for its big diamonds. (Photo courtesy of Alrosa)
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.
Editors' Picks
Sponsored by
More on Sourcing
The Latest
Supplier BulletinApr 23, 2026
JM® Shipping Solution: Smarter Shipping for High-Value GoodsSponsored by Jewelers Mutual
Lab-GrownApr 23, 2026
Charles & Colvard May Sell Assets for $1.5MThe proposed agreement follows the moissanite maker’s Chapter 11 bankruptcy protection filing last month.
Brought to you by
Discover Timeless Treasures: A Showcase of Antique Jewelry & Timepieces in Las VegasGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
AuctionsApr 23, 2026
John Jacob Astor IV’s Titanic Pocket Watch Fetches $1MThe Patek Philippe for Tiffany & Co. timepiece Astor brought aboard the ill-fated ship sold for double its estimate at a Freeman’s auction.
Weekly QuizApr 23, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsApr 23, 2026
Adam Neeley’s High Jewelry Collection Steps Into Salvador Dalí’s GardenThe “Dalí’s Garden” collection was inspired by a surreal dream Neeley had after cooking a recipe from Salvador Dalí’s 1973 cookbook.
IndependentsApr 23, 2026
Windsor Jewelers Names New Buying DirectorNatalie Feanny has been appointed to the role.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
CrimeApr 22, 2026
New Mexico Couple Pleads Guilty to Selling Fake Native American JewelryThe pair falsely claimed their jewelry was made by Navajo artists, but it was imported from Vietnam.
AuctionsApr 22, 2026
Roberta Flack’s Jewelry Is Going Up for AuctionJulien’s Auctions is selling the musician’s fine and fashion jewelry alongside her clothing, gold records, and other memorabilia.
CollectionsApr 22, 2026
British Museum Curator Pens Book on ‘The Tudor Heart’Rachel King’s book dives into the history of the pendant believed to have belonged to Henry VIII and his first wife, Katherine of Aragon.
Events & AwardsApr 22, 2026
Here’s What Sy Kessler Has on Tap for Las Vegas The company will have deals on precious metals testers as well as the latest in lab-grown diamond detection technology and security.
WatchesApr 21, 2026
Coco Chanel Enters the Game with New Watch CollectionGabrielle “Coco” Chanel is a character in the “Coco Game” collection of watches and the queen in its first haute horlogerie chessboard.
IndependentsApr 21, 2026
Meet Jewelers of America’s 2026 ‘20 Under 40’ ClassThe annual list honors rising professionals on the retail and supply sides of the jewelry industry.
CrimeApr 21, 2026
Customs Nabs 1,500 Pieces of Counterfeit Jewelry Bound for NYCSeized in Kentucky, the packages include fake Cartier, Tiffany & Co., Chanel, and Fendi jewelry.
CrimeApr 20, 2026
Queens Man Convicted in Bludgeoning Death of Pawn Shop OwnerRodolfo Lopez-Portillo faces 25 years to life in prison after being found guilty in the March 2022 beating death of Arasb Shoughi.
TrendsApr 20, 2026
Beth Bernstein, Sonia Esther Soltani Pen New Jewelry Book“Jewelry Creators: Dynamic Duos and Generational Gems” highlights the relationships among 22 influential designers, brands, and gem dealers.
Events & AwardsApr 20, 2026
Atlanta Jewelry Show’s Spring Event Is Hitting the RoadThe AJS Spring 2027 show will be held in Savannah, Georgia, with future shows taking place in other Southeast cities.
MajorsApr 20, 2026
Kendra Scott Names New CFO, Chief Business OfficerThe jewelry retailer plans to open 20 new stores this year and expand into new product categories.
TrendsApr 17, 2026
New (Groundbreaking) Floral Jewelry for Spring 2026Flower motifs are the jewelry trend blooming amongst the new collections that debuted this spring.
MajorsApr 17, 2026
QVC Group Files for Chapter 11 BankruptcyThe retailer reported an 8 percent decline in annual sales as it struggles under the weight of billions of dollars of debt.
CollectionsApr 17, 2026
Edina Kiss’ Earrings Are the Devil on Your ShoulderThe “Devil” drop earrings, our Piece of the Week, are part of designer Edina Kiss’ new namesake jewelry line that she will show at Couture.
CrimeApr 17, 2026
FBI Issues Warning to Refineries, Retailers Due to High Price of GoldThe alert states that burglary crews are targeting jewelry businesses and details how jewelers and refineries can protect themselves.
WatchesApr 16, 2026
Cartier Brings Back the RoadsterThe “watchmaker of shapes” debuted the reworked version of the vintage sports car-inspired timepiece at Watches & Wonders.
IndependentsApr 16, 2026
Edge Retail Academy Updates Leadership TeamAs demand for jewelry retail coaching grows, the company has established a dedicated business coaching leadership team.
MajorsApr 16, 2026
Stuller’s Latest Mountings Catalog Is Out NowThe “Mountings 2026-2027” catalog showcases Stuller’s largest and most diverse assortment to date with more than 400 new mounting styles.
PodcastsApr 15, 2026
Episode 4: The Natural Diamond DilemmaSally Morrison and Mark Klein discuss De Beers’ first beacon in 16 years and the mistake the industry made with lab-grown diamonds.
