India Diamonds HS7102 Import Data 2025 July Overview

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

India's July 2025 diamond imports (HS Code 7102) reveal a high-value product mix, with India itself as the top source—28.35% of import value but just 5.83% of quantity—indicating premium-grade or finished diamonds. The market shows strong geographic concentration, with the UAE dominating volume (37.74%) as a rough diamond hub, while Botswana and Angola supply balanced mid-grade stones. Policy shifts like the DGFT's Restricted import status and India-UAE CEPA quota require strategic sourcing adjustments. This analysis, covering July 2025, is based on cleanly processed Customs data from the yTrade database.

India Diamonds (HS 7102) 2025 July 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 due to their durability and versatility. India, a major hub for diamond processing and re-export, relies heavily on imports of rough and worked diamonds to sustain its export-oriented gem and jewelry sector.

Current Context and Strategic Position

In July 2025, India amended its import policy for HS Code 7102, shifting from "Free" to "Restricted" under DGFT Notification No. 17/2024-25 [Capexil]. This change mandates import authorizations, though exemptions apply under the India-UAE CEPA Tariff Rate Quota. The move reflects India’s strategic effort to tighten oversight of diamond inflows while balancing trade commitments. As the world’s largest diamond cutting and polishing center, India’s 2025 July import dynamics for HS Code 7102 will significantly influence global supply chains, necessitating close market monitoring.

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

Key Observations

India's import of diamonds under HS Code 7102 in July 2025 reached a value of 2.05 billion USD, with volume data not specified in the available dataset.

Price and Volume Dynamics

The monthly import values for India Diamonds HS Code 7102 in 2025 exhibit notable volatility, starting at 1.50 billion USD in January, peaking at 2.92 billion USD in March, and then declining before rising to 2.05 billion USD in July. Month-over-month, imports increased by approximately 14% from June to July. This fluctuation aligns with typical diamond industry cycles, where demand often spikes during key periods like wedding seasons or inventory replenishment phases, though the March surge may reflect pre-summer stock building for jewelry manufacturing or retail readiness.

External Context and Outlook

The July uptick in India Diamonds HS Code 7102 Import 2025 is closely tied to recent policy shifts. In July 2025, the DGFT changed the import policy from "Free" to "Restricted" for this HS code, necessitating authorization for shipments [DGFT Notification]. This likely drove importers to expedite orders ahead of the restrictions, boosting July figures. Moving forward, imports could face headwinds from these regulatory changes, though the India-UAE CEPA tariff rate quota may offer some mitigation for compliant trade.

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

Product Specialization and Concentration

According to yTrade data, the import of India Diamonds HS Code 7102 in 2025 July is heavily concentrated in non-industrial, unworked diamonds (HS Code 71023100), which account for the majority of both value and quantity shares. This category has a unit price of 148.75 USD per unit, while industrial diamonds show significantly lower prices, highlighting a focus on higher-value non-industrial stones. Industrial diamonds, such as those under HS Code 71022110 with a unit price of 3.41 USD per unit, are isolated as anomalies due to their low-value nature and minimal impact on the overall market.

Value-Chain Structure and Grade Analysis

The non-anomalous sub-codes can be grouped into two main categories based on value-add stage. First, non-industrial, unworked diamonds (HS Code 71023100) dominate with high quantity shares and moderate unit prices, indicating a trade in bulk, commodity-like raw materials. Second, non-industrial, worked diamonds (HS Code 71023910) have much higher unit prices of 1257.10 USD per unit but lower quantity shares, representing a value-add stage with more differentiated, finished goods. This structure suggests a market that blends fungible bulk imports with specialized, higher-value products.

Strategic Implication and Pricing Power

The concentration in raw non-industrial diamonds implies that India's import strategy is oriented towards processing or re-export, with worked diamonds offering greater pricing power due to their value-add. The policy change to restricted imports [DGFT Notification] could increase barriers and costs for bulk imports, while worked diamonds might retain advantages under India-UAE CEPA TRQ arrangements. Market players should focus on securing authorizations for restricted items and leveraging value-add stages to maintain competitiveness in India Diamonds HS Code 7102 Import 2025 July.

Check Detailed HS 7102 Breakdown

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

Geographic Concentration and Dominant Role

In July 2025, India's diamond imports under HS Code 7102 show strong geographic concentration, with India itself as the dominant source by value, accounting for 28.35% of import value but only 5.83% of quantity. This high value-to-quantity ratio points to imports of high-grade or finished diamonds, likely for further processing or re-export, rather than raw materials.

Partner Countries Clusters and Underlying Causes

The partner countries form three clusters based on trade patterns. First, high-value sources like India indicate a flow of premium diamonds, possibly for quality enhancement. Second, high-quantity sources such as the United Arab Emirates, with 37.74% quantity share but lower value per unit, suggest imports of rough or uncut diamonds, often traded through hubs. Third, balanced producers like Botswana and Angola, with similar value and quantity ratios, reflect direct sourcing of medium-grade diamonds from mining regions.

Forward Strategy and Supply Chain Implications

For market players, the import concentration and policy shifts require strategic adjustments. [DGFT Notification] changed the import policy for HS Code 7102 to Restricted, mandating authorizations, but the India-UAE CEPA offers a tariff rate quota for easier access. Companies should prioritize sourcing from UAE under this agreement to mitigate risks and ensure supply chain stability for diamond imports in 2025. (DGFT Notification)

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

Get Complete Partner Countries Profile

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

Strategic Supply Chain Overview

India Diamonds Import 2025 July under HS Code 7102 is defined by two core price drivers. First, quality and processing stage determine value. Unworked diamonds trade as bulk commodities. Worked diamonds command premium prices. Second, policy changes now restrict imports. This adds cost and complexity.

Supply chain implications are significant. India acts as a global processing hub. It imports rough stones for cutting and polishing. High-value frequent buyers drive this activity. Sourcing from the UAE under CEPA offers a critical advantage. It ensures supply chain stability despite new restrictions.

Action Plan: Data-Driven Steps for Diamonds Market Execution

• Secure import authorizations early for restricted HS Code 7102 items. This prevents shipment delays and maintains buyer trust.
• Prioritize shipments from the UAE under India-UAE CEPA TRQ terms. This reduces tariffs and ensures reliable supply for India Diamonds Import 2025 July.
• Target high-value, high-frequency buyers with tailored inventory offers. Their consistent demand provides stable revenue in a volatile policy environment.
• Diversify sourcing to include balanced partners like Botswana. This mitigates over-reliance on any single source and stabilizes costs.
• Use real-time trade data to monitor buyer purchase cycles. This allows precise stock planning and avoids overstock or shortages.

Take Action Now —— Explore India Diamonds Import Data

Frequently Asked Questions

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

The July 2025 import surge is linked to policy shifts, as India changed diamond imports from "Free" to "Restricted," prompting buyers to expedite orders. Volatility also reflects typical industry cycles, like pre-summer stock building.

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

India itself is the top source (28.35% of value), followed by the UAE (37.74% of quantity) and mining regions like Botswana and Angola.

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

Prices vary due to product grade: high-value imports from India are finished diamonds, while UAE-sourced rough diamonds trade at lower unit prices.

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

Prioritize high-value frequent buyers (76.77% of import value) and leverage India-UAE CEPA quotas to mitigate new authorization requirements.

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

UAE suppliers benefit from bulk trade, while high-grade producers must align with India’s processing/re-export demand under restrictive policies.

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

Non-industrial, unworked diamonds dominate as bulk raw materials, while worked diamonds serve niche high-value segments like jewelry finishing.