EXHIBIT 23.1

             Consent and Report on Schedule of Independent Auditors

To the Board of Directors of Sturm, Ruger & Company, Inc.:

The audits referred to in our report dated February 10, 2003 included the
related financial statement schedule for the years ended December 31, 2002 and
2001, included in the Sturm, Ruger & Company, Inc. 2002 Annual Report on Form
10-K. This financial statement schedule is the responsibility of the Company's
management. Our responsibility is to express an opinion on this financial
statement schedule based on our audits. In our opinion, such financial statement
schedule, when considered in relation to the basic consolidated financial
statements taken as a whole, presents fairly, in all material respects, the
information set forth therein for the years ended December 31, 2002 and 2001.

We consent to the use of our reports included herein and incorporated by
reference in the Registration Statements of Sturm, Ruger & Company, Inc. on Form
S-8 (Nos. 333-84677 and 333-53234) relating to the consolidated balance sheets
of Sturm, Ruger & Company, Inc. and subsidiaries as of December 31, 2002 and
2001, and the related consolidated statements of income, stockholders' equity,
and cash flows and related financial statement schedule for the years ended
December 31, 2002 and 2001, which reports appear in the Sturm, Ruger & Company,
Inc. 2002 Annual Report on Form 10-K.


                                        KPMG LLP

Stamford, Connecticut
March 24, 2003


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