India Diamonds HS7102 Import Data 2025 January Overview

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

India’s diamond imports under HS Code 7102 in January 2025 reveal a high-value, low-quantity trade dominated by domestic or re-exported polished stones, with a striking unit price of 2,738 USD, while the UAE supplies bulk rough diamonds at far lower prices. The market shows strong geographic concentration, with India itself as the top value source (35.90%) and the UAE handling over half the volume (50.57%), highlighting reliance on these hubs. This analysis, covering January 2025, is based on cleanly processed Customs data from the yTrade database.

India Diamonds (HS 7102) 2025 January Import Background

What is HS Code 7102?

HS Code 7102 covers diamonds, whether or not worked, but not mounted or set, including rough, industrial, cut, or polished diamonds. These diamonds are critical for industries like jewelry manufacturing, precision cutting tools, and electronics due to their hardness and thermal conductivity. Global demand remains stable, driven by luxury markets and industrial applications.

Current Context and Strategic Position

In January 2025, India maintained a 10% basic customs duty on HS Code 7102 diamonds, with additional IGST and surcharges, keeping the total import tax burden around 20-22% [GJEPC, SEAIR]. While US-India trade tensions escalated in 2025, diamonds were unaffected, ensuring steady imports for India's thriving gem and jewelry sector. As a global hub for diamond processing, India's HS Code 7102 imports in January 2025 reflect its strategic role in meeting both domestic and export demand, necessitating close market monitoring.

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

Key Observations

In January 2025, India's import of Diamonds under HS Code 7102 recorded a value of 1.50 billion USD, with a volume of 0 kg, indicating no physical imports or potential data reporting issues for the month.

Price and Volume Dynamics

Without comparative data for previous periods, QoQ or YoY trends cannot be directly assessed. However, in the diamond industry, January typically experiences a seasonal slowdown post-holiday demand peaks, leading to reduced import volumes as inventories are drawn down. The high value figure suggests transactions may involve high-value or industrial diamonds, aligning with India's role as a major processing hub, where import values can remain significant even with low physical volumes due to premium product mixes.

External Context and Outlook

India's import policy for Diamonds HS Code 7102 sustained a 10% basic customs duty plus additional taxes, as outlined in recent tariff schedules [GJEPC]. Although US-India trade tensions introduced tariffs on other sectors, diamonds were largely unaffected, supporting stable import conditions (Intoglo Blog). Moving forward, demand from jewelry manufacturing and export-oriented polishing units will likely influence India Diamonds HS Code 7102 Import trends in 2025, with policy continuity expected to underpin market activity.

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

Product Specialization and Concentration

According to yTrade data, India's import of diamonds under HS Code 7102 in January 2025 is highly concentrated in non-industrial, unworked diamonds (HS code 71023100), which account for over 55% of the import value. This sub-code, described as diamonds not mounted or set and simply prepared, has a unit price of 120.54 USD per unit, significantly lower than the 1442.94 USD per unit for worked non-industrial diamonds (71023910), indicating a focus on bulk, lower-value imports.

Value-Chain Structure and Grade Analysis

The import data reveals two primary categories: rough or unworked diamonds, including both non-industrial (71023100) and industrial types (71022120, 71022110), and worked or polished diamonds (71023910, 71023990). Rough diamonds dominate in quantity share, suggesting a trade in fungible bulk commodities, while polished diamonds command higher unit prices, pointing to differentiated, value-added goods. A minor category of unsorted diamonds (71021000) also exists but has minimal impact.

Strategic Implication and Pricing Power

For market players, the high volume of rough diamond imports underlines India's role in raw material sourcing, with limited pricing power due to commodity competition. In contrast, the polished diamond segment offers higher margins through differentiation. External reports indicate import duties around 10-22% were maintained in early 2025 [Gem & Jewellery Export Promotion Council], which may pressure costs and margins, particularly for bulk rough diamonds, urging importers to focus on efficiency or value-added processing to maintain competitiveness.

Check Detailed HS 7102 Breakdown

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

Geographic Concentration and Dominant Role

In January 2025, India's diamond imports under HS Code 7102 showed strong geographic concentration, with INDIA itself being the top source by value at 35.90% but only 2.09% by quantity, pointing to a high unit price of approximately 2,738 USD per unit and indicating imports of polished or high-grade diamonds. This value-quantity disparity suggests that domestic or re-exported diamonds are of superior quality compared to other sources, reinforcing India's role as a key processing hub for high-value stones.

Partner Countries Clusters and Underlying Causes

The import partners form three clear clusters: first, INDIA stands alone with high-value, low-quantity flows, likely due to internal trade or re-exports of finished goods. Second, the UNITED ARAB EMIRATES accounts for 50.57% of quantity but only 27.53% of value, with a low unit price around 87 USD per unit, indicating it serves as a major hub for rough diamond shipments. Third, diamond-producing nations like ANGOLA and BOTSWANA show balanced value and quantity ratios, reflecting direct sourcing from mining regions with moderate unit prices.

Forward Strategy and Supply Chain Implications

For market players, the heavy reliance on UAE for bulk rough diamonds and domestic high-value sources requires strategies to mitigate supply chain risks, such as diversifying sources to African producers like Angola. Import duties around 10% basic customs duty plus additional taxes, as noted in Indian Customs Duty, increase landed costs, urging companies to factor in total expenses and explore direct partnerships with mining countries to reduce intermediate costs. (Indian Customs Duty)

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

Get Complete Partner Countries Profile

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

Strategic Supply Chain Overview

India Diamonds Import 2025 January under HS Code 7102 is driven by two key price factors. Rough diamond prices depend on bulk sourcing from the UAE, with low unit costs but high volume. Polished diamond prices rely on domestic processing, yielding higher margins but requiring skilled labor. This creates a dual supply chain. India acts as a global processing hub, importing raw materials and exporting finished goods. Heavy reliance on the UAE for rough diamonds poses a supply risk. Import duties around 10-22% add cost pressure, especially for bulk shipments.

Action Plan: Data-Driven Steps for Diamonds Market Execution

• Diversify rough diamond sources to African producers like Angola. Use trade data to identify direct mining partners. This reduces dependency on UAE intermediaries and lowers landed costs.
• Focus sales efforts on high-value, frequent buyers. Analyze buyer frequency data to prioritize relationship management. This secures stable revenue from the dominant market segment.
• Optimize inventory cycles using buyer purchase patterns. Track order frequency to align stock levels with demand. This prevents overstock of rough diamonds and shortages of polished goods.
• Negotiate long-term contracts with African mines. Leverage volume commitments to secure better pricing. This mitigates geopolitical and price volatility risks from traditional sources.
• Monitor customs duty changes monthly. Subscribe to policy alerts from sources like the Gem & Jewellery Export Promotion Council. This allows quick adjustment of cost calculations and pricing strategies.

Forward-Looking Risk Summary

The India Diamonds Import market faces two main risks. Over-reliance on UAE-sourced rough diamonds creates supply chain fragility. Any disruption there would immediately impact production. Potential increases in import duties could squeeze margins further, especially for bulk commodity imports. Market players must diversify sources and focus on value-added processing to stay competitive.

Take Action Now —— Explore India Diamonds Import Data

Frequently Asked Questions

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

India's diamond imports in January 2025 showed a high transaction value (1.50 billion USD) but zero physical volume, likely due to seasonal slowdowns post-holiday demand or data reporting gaps. The market remains focused on high-value polished diamonds and bulk rough imports, with stable import duties around 10-22%.

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

The top sources are India itself (35.90% by value, high-grade polished diamonds), the UAE (50.57% by quantity, rough diamonds), and African producers like Angola and Botswana (balanced value-quantity ratios for direct mining supply).

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

Price gaps stem from product specialization: India’s domestic/re-exported polished diamonds (2,738 USD/unit) command premium prices, while UAE-sourced rough diamonds (87 USD/unit) are bulk commodities.

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

Importers should prioritize relationships with high-value frequent buyers (70% of trade) and diversify sourcing from African producers to reduce reliance on UAE for rough diamonds.

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

Suppliers in the UAE benefit from consistent bulk demand, while African miners have opportunities to expand direct partnerships. High-grade polished diamond suppliers must compete with India’s domestic processing hub.

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

India imports rough diamonds (e.g., from UAE) for polishing and exports high-value finished stones, while also re-importing polished diamonds for domestic jewelry manufacturing or re-export.