India Diamonds HS7102 Import Data 2025 May Overview

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

India dominates HS Code 7102 diamond imports in May 2025, accounting for 27.78% of global value but just 2.18% of quantity—confirming its role as a high-value processing hub. The market shows heavy reliance on rough diamond shipments from African nations and the UAE, while premium goods flow through trading centers like Hong Kong and Belgium. This analysis of India Diamonds Import 2025 May is based on cleanly processed Customs data from the yTrade database.

India Diamonds (HS 7102) 2025 May 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, ensuring stable 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 August 2025, the U.S. imposed a 25% reciprocal tariff on Indian imports, including diamonds, escalating trade tensions [Intoglo]. India’s diamond imports under HS Code 7102 face heightened scrutiny, with a 10% basic customs duty and potential authorization requirements for specific categories [EximGuru]. As the world’s largest diamond cutting and polishing center, India’s May 2025 import trends will reflect both global demand and policy-driven adjustments, necessitating close market monitoring.

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

Key Observations

India's Diamonds HS Code 7102 Import for 2025 May totaled $1.85 billion, marking a sequential decline from April's $1.98 billion. This performance reflects a typical post-seasonal adjustment in the diamond trade, where high-value inventory builds from earlier months taper off.

Price and Volume Dynamics

The May figure represents a 6.6% decrease from April, continuing a volatile trend that saw a sharp March peak of $2.92 billion followed by a moderation. This pattern aligns with the industry's cyclical nature, where Q1 often sees robust import activity to stockpile rough diamonds for cutting and polishing ahead of global jewelry demand cycles. The 2025 data shows strong first-quarter momentum easing into a more measured pace, consistent with post-holiday manufacturing recalibration rather than structural weakness.

External Context and Outlook

Trade policy developments are introducing new uncertainty. The August 2025 implementation of a 25% reciprocal U.S. tariff [Trump's Tariff Hike on India Explained] may have prompted some advance importing to mitigate future cost impacts. Additionally, India's DGFT has amended import authorization rules for precious metal goods (CAPEXIL), potentially affecting broader jewelry supply chains. These factors, combined with existing customs duties on worked diamonds (EximGuru), suggest importers are navigating an increasingly complex policy landscape that could influence near-term ordering strategies and inventory management.

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

Product Specialization and Concentration

According to yTrade data, the India Diamonds HS Code 7102 Import market for 2025 May is dominated by unworked non-industrial diamonds, specifically the sub-code for diamonds unworked or simply sawn but not mounted or set, which holds a 65% value share and 75% quantity share with a unit price of $146 per piece. This high concentration indicates a focus on bulk, lower-value raw materials. An extreme price anomaly is present in a minor sub-code for non-industrial worked diamonds with a unit price of only $4, but it is isolated due to negligible impact.

Value-Chain Structure and Grade Analysis

The remaining sub-codes fall into two main categories: non-industrial worked diamonds with higher unit prices around $1,379 per piece, representing a value-added processed segment, and industrial unworked diamonds with lower unit prices under $17 per piece, indicating a bulk commodity grade for industrial use. This structure shows a mix of fungible bulk imports for raw materials and differentiated high-value goods, suggesting that trade is driven by both volume for processing and quality for end-use.

Strategic Implication and Pricing Power

For India Diamonds HS Code 7102 Import in 2025 May, pricing power lies with suppliers of high-value worked diamonds, while bulk importers face competitive pressures. Market players should focus on securing reliable sources for raw materials and investing in processing capabilities to capture value from higher-grade segments, aligning with India's role as a key diamond processing hub.

Check Detailed HS 7102 Breakdown

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

Geographic Concentration and Dominant Role

India dominates the import of diamonds under HS Code 7102 in May 2025, accounting for 27.78% of the total import value. This strong position comes despite handling only 2.18% of the total quantity, indicating a clear focus on high-value, processed stones rather than bulk rough material. The significant disparity between value share and quantity share points to India's role as a global diamond processing and trading hub, bringing in premium goods.

Partner Countries Clusters and Underlying Causes

The supplier countries form two clear groups. The first includes the UAE, Botswana, and Angola, which together account for over 50% of the import quantity but have a lower average value per unit. This suggests they are primary sources of rough diamonds. The second group includes countries like China Hongkong and Belgium, which ship smaller quantities but higher-value goods, likely representing trade in precision-cut stones or re-exports from major trading centers.

Forward Strategy and Supply Chain Implications

For market players, India's import pattern confirms its critical role in global diamond value addition. Companies should note the country's heavy reliance on rough diamond imports from African nations and the UAE, while also recognizing its position as a net exporter of finished jewelry. Recent policy changes, including the INDIA-UAE agreement that allows certain imports without restricted authorization [CAPEXIL], could further streamline this supply chain. Traders should monitor these regulatory developments closely to optimize their India Diamonds HS Code 7102 Import 2025 May strategies.

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

Get Complete Partner Countries Profile

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

Strategic Supply Chain Overview

India's diamond imports under HS Code 7102 for May 2025 reveal a dual market structure. Price is driven by quality grade for bulk rough stones and processing level for high-value goods. Bulk unworked diamonds from the UAE and Africa dominate volume but carry lower margins. Worked diamonds from hubs like Hong Kong and Belgium command premium prices. This creates supply chain reliance on raw material flows from a few key partners. India acts as the critical global processing hub, adding value before re-export. Any disruption in rough diamond supply or shifts in trade policy directly impacts cost and output.

Action Plan: Data-Driven Steps for Diamonds Market Execution

• Track buyer purchase frequency to align inventory with order cycles. This prevents overstock and ensures timely fulfillment for high-value, high-frequency clients.
• Diversify sources beyond the UAE and Angola using trade data. Reducing dependency on a few suppliers minimizes geopolitical and supply chain risks.
• Target high-value, low-frequency buyers with tailored bulk offers. This captures large-volume opportunities without increasing transactional overhead.
• Monitor regulatory updates, especially under the India-UAE agreement. Adapting early to policy changes avoids delays and capitalizes on streamlined import processes.

Take Action Now —— Explore India Diamonds Import Data

Frequently Asked Questions

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

The $1.85 billion May 2025 import reflects a 6.6% sequential decline, typical of post-seasonal adjustments after Q1 stockpiling. Policy uncertainty, including upcoming U.S. tariffs, may have prompted advance imports.

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

India sources diamonds primarily from the UAE, Botswana, and Angola (over 50% of quantity share) for rough stones, and China Hongkong/Belgium for higher-value processed goods.

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

Price gaps stem from product specialization: African/UAE suppliers provide bulk unworked diamonds ($146/unit), while Belgium/Hongkong ship worked diamonds ($1,379/unit) for value-added segments.

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

Prioritize high-value, high-frequency buyers (55.66% of value share) while diversifying supply chains to mitigate risks from concentrated rough diamond sources like the UAE and Africa.

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

Suppliers of rough diamonds (e.g., UAE, Botswana) have stable demand but limited pricing power, while worked diamond exporters (e.g., Belgium) can leverage India’s processing hub role for premium margins.

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

India imports bulk rough diamonds for cutting/polishing (75% quantity share) and high-end worked stones for jewelry manufacturing, aligning with its global processing hub status.