India Diamonds HS7102 Import Data 2025 February Overview

India Diamonds (HS 7102) 2025 February Import: Key Takeaways

India’s diamond imports under HS Code 7102 in February 2025 reveal a market split between bulk, lower-grade stones from the UAE (61% of volume but 34% of value) and high-value polished diamonds from the US and Israel. The heavy reliance on UAE for rough diamonds highlights supply chain risks, while the 10% import duty on cut diamonds adds cost pressure. This analysis, based on cleanly processed Customs data from the yTrade database, covers February 2025.

India Diamonds (HS 7102) 2025 February Import Background

What is HS Code 7102?

HS Code 7102 covers diamonds, whether or not worked, but not mounted or set, including industrial and gem-grade varieties. These diamonds are critical inputs for jewelry manufacturing, precision cutting tools, and high-tech industries, driving consistent global demand. India, a major hub for diamond processing, relies heavily on imports under this code to feed its export-oriented gem and jewelry sector.

Current Context and Strategic Position

In February 2025, India’s diamond trade faces heightened scrutiny as the U.S. imposed a 50% tariff on select Indian goods, mirroring India’s own high duties [Intoglo]. This retaliatory measure risks disrupting India’s HS Code 7102 import flows, which already carry a 10% basic customs duty for cut or worked diamonds [EximGuru]. India’s strategic role as a global diamond processing hub underscores the need for vigilance in monitoring trade policy shifts and supply chain resilience.

India Diamonds (HS 7102) 2025 February Import: Trend Summary

Key Observations

India's diamond imports under HS Code 7102 in February 2025 totaled 1.38 billion USD in value, with volume reported at 0.00 kg, indicating potential data reporting gaps or a focus on high-value, low-weight transactions typical of the diamond trade.

Price and Volume Dynamics

The February 2025 import value of 1.38 billion USD represents an 8% month-over-month decline from January's 1.50 billion USD, reflecting a seasonal post-holiday slowdown in diamond demand, as Q1 often sees reduced jewelry manufacturing and industrial activity after peak festival seasons in India. This dip aligns with typical industry cycles where inventory replenishment slows early in the year.

External Context and Outlook

The decline may be exacerbated by emerging trade tensions, such as the U.S. announcement of potential 50% tariffs on Indian goods [Intoglo Blog], which could heighten import cost uncertainties. Coupled with India's existing 10% basic duty on cut diamonds (Eximguru.com), these factors suggest a cautious outlook for India Diamonds HS Code 7102 Import in 2025, with traders likely adjusting strategies amid policy volatility.

India Diamonds (HS 7102) 2025 February Import: HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, India's import of Diamonds under HS Code 7102 in February 2025 is heavily concentrated in unworked, non-industrial diamonds (sub-code 71023100), which account for over half the value and most of the quantity at a unit price of 112.49 USD per unit. This dominance highlights a specialization in bulk, lower-value raw materials. An extreme price anomaly is present in sub-code 71023990, with a unit price of only 0.80 USD per unit, which is isolated from the main analysis due to its negligible impact.

Value-Chain Structure and Grade Analysis

The remaining sub-codes fall into two clear categories based on processing stage: unworked diamonds (including industrial and non-industrial types like 71021000, 71022120, and 71022110) with unit prices under 60 USD per unit, and worked diamonds (71023910) with a significantly higher unit price of 1386.93 USD per unit. This structure shows a split between fungible bulk commodities and differentiated, higher-value manufactured goods, indicating that India's diamond imports under HS Code 7102 involve both raw materials and semi-finished products.

Strategic Implication and Pricing Power

For market players, the bulk of imports in raw diamonds suggests lower pricing power and reliance on volume, while the higher-value worked diamonds offer better margins but face potential cost pressures from import duties, such as the 10% basic duty noted in [eximguru.com]. Strategic focus for India Diamonds HS Code 7102 Import 2025 February should prioritize efficiency in handling bulk commodities and exploring value addition to capture higher returns.

Check Detailed HS 7102 Breakdown

India Diamonds (HS 7102) 2025 February Import: Market Concentration

Geographic Concentration and Dominant Role

In February 2025, India's diamond imports under HS Code 7102 were dominated by the United Arab Emirates, which held 34.10% of the import value but 61.42% of the quantity, indicating a lower unit price and a focus on bulk, lower-grade diamonds. This disparity between value and quantity ratios points to UAE supplying primarily rough or industrial diamonds at a lower cost per unit. Other significant sources include the United States and India itself, with higher value shares relative to quantity, suggesting imports of higher-grade stones.

Partner Countries Clusters and Underlying Causes

The import patterns form two clear clusters: first, countries like UAE, Belgium, Russia, and Canada contribute high quantity shares but lower value per unit, likely due to their roles as major hubs for rough diamond trade. Second, the United States, India, and Israel show high value per unit with smaller quantities, indicating they supply polished or high-grade diamonds, possibly for jewelry or specialized industrial use. This split reflects the global diamond supply chain, where some regions handle bulk raw materials and others focus on value-added processing.

Forward Strategy and Supply Chain Implications

For Indian importers, the heavy reliance on UAE for bulk diamonds calls for diversifying sources to reduce supply chain risks and price volatility. The 10% import duty on cut diamonds, as reported by [eximguru.com], increases costs, making it crucial to optimize logistics and explore potential duty savings through trade agreements or bonded warehouses for re-export purposes.

Table: India Diamonds (HS 7102) Top Partner Countries (Source: yTrade)

Get Complete Partner Countries Profile

India Diamonds (HS 7102) 2025 February Import: Action Plan for Diamonds Market Expansion

Strategic Supply Chain Overview

India's diamond imports under HS Code 7102 in February 2025 are defined by two key price drivers. First, product grade and processing stage determine value, with unworked diamonds averaging under 60 USD per unit and worked diamonds reaching over 1380 USD. Second, import duties of 10% on cut diamonds directly impact final costs. Supply chain implications are clear: heavy reliance on UAE for bulk rough diamonds creates vulnerability to supply disruptions, while the presence of higher-value imports from the US and Israel highlights opportunities for domestic value addition. India acts primarily as a processing hub for raw materials but must secure stable access to quality rough stones.

Action Plan: Data-Driven Steps for Diamonds Market Execution

• Diversify sourcing beyond UAE using trade data to identify alternative rough diamond suppliers like Canada or Botswana, reducing geopolitical supply risks and price volatility.
• Segment buyers by frequency and value to prioritize relationship management with high-value frequent clients, ensuring stable revenue while targeting infrequent high-value buyers for larger deals.
• Analyze HS code-level import patterns to balance inventory between rough and polished diamonds, optimizing working capital based on actual demand trends and duty structures.
• Explore bonded warehouse options for diamonds intended for re-export, minimizing duty costs and enhancing competitiveness in value-added processing.
• Leverage real-time shipment data to monitor competitor sourcing patterns and pricing, enabling rapid response to market shifts and new opportunities.

Take Action Now —— Explore India Diamonds Import Data

Frequently Asked Questions

Q1. What is driving the recent changes in India Diamonds Import 2025 February?

India's diamond imports declined 8% month-over-month to $1.38 billion in February 2025, reflecting seasonal post-holiday demand slowdowns and potential trade tensions, such as proposed U.S. tariffs. The market remains split between bulk raw diamonds and higher-value worked diamonds.

Q2. Who are the main partner countries in this India Diamonds Import 2025 February?

The UAE dominates with 34.10% of import value and 61.42% of quantity, followed by the U.S. and India itself, which supply higher-value diamonds. Belgium, Russia, and Canada also contribute bulk rough diamonds.

Q3. Why does the unit price differ across India Diamonds Import 2025 February partner countries?

Price differences stem from product grade: UAE supplies unworked diamonds at $112.49 per unit, while the U.S. and India provide worked diamonds priced at $1,386.93 per unit. Industrial-grade diamonds further lower average prices.

Q4. What should importers in India focus on when buying Diamonds?

Importers should prioritize efficiency in handling bulk raw diamonds from the UAE while diversifying sources to mitigate supply risks. High-value buyers (72% of import value) require direct relationship management for stable revenue.

Q5. What does this India Diamonds import pattern mean for overseas suppliers?

Suppliers of bulk rough diamonds (e.g., UAE, Belgium) have stable demand but face price pressure, while polished diamond exporters (e.g., U.S., Israel) can leverage India’s reliance on higher-margin goods.

Q6. How is Diamonds typically used in this trade flow?

India imports both unworked industrial/non-industrial diamonds for volume processing and cut/worked diamonds for jewelry or specialized applications, reflecting a dual role in the global diamond supply chain.