Mexico Diamonds Export Market -- HS Code 7102 Trade Data & Price Trend (Feb 2025)

Mexico Diamonds Export (HS 7102) Key Takeaways

In February 2025, Mexico's diamonds export under HS Code 7102 was dominated by semi-finished, non-industrial diamonds, with 50% of value and quantity concentrated in a single product type. The market showed a strategic shift toward higher-value stones, as unit prices surged 35% despite a 29% drop in volume. Buyer concentration was high, with top clients like STULLER INC driving 56% of export value, creating reliance risks. The US absorbed 95% of shipments, acting as a bulk hub, while Canada emerged as a premium niche market. This analysis is based on cleanly processed Customs data from the yTrade database.

Mexico Diamonds Export (HS 7102) Background

What is HS Code 7102?

HS Code 7102 covers diamonds, whether or not worked, but not mounted or set. This category includes both rough and polished diamonds, which are critical inputs for the jewelry, industrial cutting, and precision tooling sectors. Global demand remains stable due to their dual role in luxury goods and high-tech manufacturing.

Current Context and Strategic Position

Mexico's General Foreign Trade Rules for 2025, effective January 1, introduce key regulatory changes impacting export procedures [GT Law]. These rules underscore the need for compliance vigilance in Mexico's diamonds export sector, which serves as a gateway to North American and Asian markets. Strategic monitoring of HS Code 7102 trade data is essential to navigate shifting trade policies and maintain competitive positioning. Mexico's role in this flow hinges on its ability to align with international standards while leveraging its trade networks.

Mexico Diamonds Export (HS 7102) Price Trend

Key Observations

Mexico's diamond exports in February 2025 totaled $3.21 million, a slight decrease from January's $3.31 million. The unit price, however, rose sharply to $789.07 per kilogram from $582.30, indicating a notable shift in the composition of shipments toward higher-value stones.

Price and Volume Dynamics

The Mexico Diamonds Export trend for early 2025 reveals a clear trade-off between volume and unit value. While export weight fell by 29% month-over-month to 4.07 thousand kilograms, the steep rise in unit price suggests exporters prioritized higher-margin, premium-quality stones—a common industry response to uncertain demand or tighter credit conditions. This pattern in the hs code 7102 value trend often reflects strategic inventory management, with suppliers focusing on value over volume to stabilize earnings. Global market volatility and currency fluctuations likely influenced this adjustment, as diamond traders navigated shifting buyer preferences and economic signals.

Mexico Diamonds Export (HS 7102) HS Code Breakdown

Product Specialization and Concentration

In February 2025, Mexico's export activities for HS Code 7102 show high specialization in a single product type. According to yTrade data, the sub-code for non-industrial diamonds not mounted or set dominates, accounting for 50% of both export value and quantity, with a unit price of approximately 80 USD per piece.

Value-Chain Structure and Grade Analysis

The export structure under HS Code 7102 is centered on semi-finished diamonds, specifically those that are processed but not yet set in jewelry. This points to a trade in differentiated goods where value depends on quality and processing stage, rather than being linked to bulk commodity indices.

Strategic Implication and Pricing Power

Mexico's focused export under HS Code 7102 suggests some pricing power in this niche market. Strategic efforts should prioritize maintaining high quality and exploring opportunities to advance into more finished diamond products to improve profit margins.

Table: Mexico HS Code 7102) Breakdown Details (Source: yTrade)

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Mexico Diamonds Export (HS 7102) Destination Countries

Geographic Concentration and Dominant Role

In February 2025, Mexico's diamonds export was heavily concentrated, with the UNITED STATES dominating as the primary destination. The US accounted for 95.09% of the export value and 98.90% of the quantity, indicating a slight disparity where quantity share exceeds value share. This suggests that diamonds shipped to the US may be of lower unit value, such as smaller or industrial-grade stones, rather than premium pieces. Frequency of shipments was high at 84.62%, but not disproportionately so relative to value, pointing to regular but not fragmented trade flows.

Destination Countries Clusters and Underlying Causes

The top destinations form two clear clusters based on share profiles. The UNITED STATES represents a Volume Cluster, with its overwhelming quantity share (98.90%) implying it serves as a bulk market or distribution hub for Mexico's diamonds, likely for mass consumption or further processing. CANADA fits the High-Yield Cluster, with a value share of 4.91% significantly outpacing its quantity share of 1.10%, indicating demand for higher-value, possibly gem-quality diamonds. This clustering reflects divergent market needs: bulk, lower-margin trade with the US versus niche, premium exports to Canada.

Forward Strategy and Supply Chain Implications

For Mexico's diamonds export strategy, prioritizing high-margin markets like Canada could boost profitability, while optimizing logistics for the high-volume US market is crucial for efficiency. Supply chains should be tailored to handle bulk shipments to the US and precision for premium exports to Canada. The updated foreign trade rules for 2025 [Baker McKenzie] may influence compliance but do not directly alter these partner dynamics based on current data.

Table: Mexico Diamonds (HS 7102) Top Destination Countries (Source: yTrade)

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Mexico Diamonds (HS 7102) Buyers Analysis

Buyer Market Concentration and Dominance

In February 2025, the Mexico Diamonds Export market showed high concentration, with a small group of buyers driving most of the trade. According to yTrade data, high-value and high-frequency buyers accounted for 56.08% of the total export value, making them the dominant force. This segment also handled 97.81% of the quantity, indicating that typical Mexico Diamonds Export buyers engage in large, regular purchases. The market's structure is heavily influenced by these key players.

Strategic Buyer Clusters and Trade Role

The dominant high-value, high-frequency cluster includes companies like STULLER INC and KARAH LLC, which appear to be end-users or manufacturers directly sourcing diamonds. This suggests a Direct-to-Factory dynamic for hs code 7102 trade data, where buyers integrate diamonds into their production processes. The low-value, high-frequency segment, with a 43.92% value share from buyers like MARLEIGH PATE and FIRSTCASH INC, adds diversity but plays a secondary role. The absence of low-frequency groups simplifies the four segments of buyers into two active types.

Sales Strategy and Vulnerability

For Mexican diamond exporters, the strategy should prioritize nurturing relationships with high-value, high-frequency buyers to maintain stable revenue. However, reliance on a few key clients poses a risk if demand shifts. The ongoing Mexico foreign trade rules for 2025 [GT Law] support export activities, reducing regulatory uncertainty. Expanding into the low-value, high-frequency segment could diversify sales and tap into smaller, consistent orders, balancing the export portfolio for hs code 7102 trade data.

Table: Mexico Diamonds (HS 7102) Top Buyers List (Source: yTrade)

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Action Plan for Diamonds Market Operation and Expansion

• Diversify your buyer portfolio by targeting more low-value, high-frequency clients identified in the hs code 7102 trade data to reduce reliance on a few dominant buyers and stabilize revenue for the Mexico Diamonds Export.
• Prioritize market development in Canada by offering higher-grade, semi-finished diamonds to capitalize on its high-value, low-volume profile and increase overall profit margins.
• Segment the Diamonds supply chain by creating separate logistics operations for high-volume US shipments and high-value Canadian exports to maximize efficiency and service quality for each market.
• Monitor buyer frequency and order size from the hs code 7102 trade data monthly to anticipate demand shifts from key clients like STULLER INC and proactively adjust production schedules to avoid overstock.

Take Action Now —— Explore Mexico Diamonds Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Mexico Diamonds Export 2025 February?

Mexico's diamond exports in February 2025 saw a 29% drop in volume but a 35% rise in unit price, indicating a strategic shift toward higher-value stones. This reflects exporters prioritizing premium-quality diamonds to stabilize earnings amid uncertain demand.

Q2. Who are the main destination countries of Mexico Diamonds (HS Code 7102) 2025 February?

The US dominated as the primary destination, accounting for 95.09% of export value and 98.90% of quantity. Canada followed with a 4.91% value share but only 1.10% quantity share, indicating higher-value demand.

Q3. Why does the unit price differ across destination countries of Mexico Diamonds Export?

The price gap stems from product specialization: the US receives bulk shipments of lower-value, semi-finished diamonds (80 USD per piece), while Canada imports premium-grade stones.

Q4. What should exporters in Mexico focus on in the current Diamonds export market?

Exporters should strengthen ties with high-value, high-frequency buyers like STULLER INC while diversifying into smaller consistent orders. Expanding premium exports to Canada could boost margins.

Q5. What does this Mexico Diamonds export pattern mean for buyers in partner countries?

US buyers benefit from stable bulk supply of semi-finished diamonds, while Canadian buyers access niche, high-quality stones. Reliance on Mexican exporters remains high but concentrated.

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

Most exports are semi-finished, non-industrial diamonds (HS 7102), primarily for further processing or jewelry manufacturing, not final retail sale.