We start with the given identities and simplify them as follows:
\[
\frac{\sin \alpha - \sin \gamma}{\cos \gamma - \cos \alpha} = \frac{2\cos\left(\frac{\alpha + \gamma}{2}\right) \sin\left(\frac{\alpha - \gamma}{2}\right)}{-2\sin\left(\frac{\alpha + \gamma}{2}\right) \sin\left(\frac{\alpha - \gamma}{2}\right)}
\]
\[
= \cot \left(\frac{\alpha + \gamma}{2}\right) + \frac{1}{2}
\]
This is based on the identities:
\[
\sin A - \sin B = 2 \cos\left(\frac{A + B}{2}\right) \sin\left(\frac{A - B}{2}\right)
\]
\[
\cos A - \cos B = -2 \sin\left(\frac{A + B}{2}\right) \sin\left(\frac{A - B}{2}\right)
\]
If $\alpha, \beta, \gamma$ are in arithmetic progression, then:
\[
\frac{\alpha + \gamma}{2} = \beta
\]
Thus, the required value is:
\[
\cot \beta
\]
Therefore, the correct answer is Option C.