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

Mexico Diamonds Export (HS 7102) Key Takeaways

Mexico's diamonds export under HS Code 7102 in January 2025 was entirely concentrated in semi-processed, high-value diamonds, with no domestic shipments and a single dominant buyer group accounting for 98.43% of export value. The U.S. absorbed 88.05% of exports, acting as the primary hub, while Canada represented a smaller premium niche. Starting at $3.31 million, the market showed early strength but faces regulatory shifts under Mexico’s updated 2025 trade rules. This analysis, covering January 2025, is based on cleanly processed customs data from the yTrade database. High buyer and geographic concentration underscores both pricing power and vulnerability for Mexico’s HS Code 7102 trade data.

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, serving as critical inputs for jewelry manufacturing and industrial applications. Global demand remains stable due to their use in luxury goods and precision tools, making them a high-value commodity in international trade.

Current Context and Strategic Position

Mexico's General Foreign Trade Rules for 2025, effective January 1 to December 31, introduce key regulatory changes impacting exports [GT Law]. These updates underscore the need for compliance vigilance in Mexico's diamonds export sector, particularly under HS Code 7102. As a growing player in the global gems trade, Mexico's strategic position is bolstered by its access to key markets and competitive pricing. Monitoring hs code 7102 trade data is essential to navigate these regulatory shifts and capitalize on emerging opportunities.

Mexico Diamonds Export (HS 7102) Price Trend

Key Observations

Mexico's diamond exports in January 2025 began with a total value of 3.31 million USD, reflecting a robust initial performance for the hs code 7102 value trend as the year commenced.

Price and Volume Dynamics

The Mexico Diamonds Export trend is situated within a framework of updated trade regulations, with Mexico's General Foreign Trade Rules for 2025 taking effect on January 1, as detailed by [GT Law]. This regulatory shift may introduce stability or adjustments in export flows, though the single data point limits momentum analysis. Typically, diamond markets experience seasonal demand variations, and this early value suggests a baseline from which to gauge potential sequential growth or impacts from global economic factors like currency fluctuations and luxury goods demand cycles.

Mexico Diamonds Export (HS 7102) HS Code Breakdown

Product Specialization and Concentration

In January 2025, Mexico's export activities for HS Code 7102 are completely concentrated in a single type of product: non-industrial diamonds that are not mounted or set, according to yTrade data. This product, which involves diamonds processed beyond basic cutting but not finished into jewelry, dominates with a uniform unit price of 108.50 USD per unit and accounts for all export value and quantity shares. There are no price anomalies or variations among the top sub-codes, indicating a highly specialized market segment.

Value-Chain Structure and Grade Analysis

The entire export structure under HS Code 7102 consists of semi-processed diamonds, categorized as intermediate goods in the value chain. This points to a trade in differentiated, high-value products where the focus is on specific processing stages rather than bulk, fungible commodities. The absence of raw or fully finished items in the data suggests that Mexico's HS Code 7102 trade data reflects a niche specialization in prepared but not final diamond products.

Strategic Implication and Pricing Power

For exporters, the high concentration in semi-processed diamonds under HS Code 7102 provides strong pricing power due to limited product variety and potential control over this segment. Strategic focus should be on maintaining consistent quality and exploring further value-addition opportunities to enhance Mexico's HS Code 7102 export competitiveness in global markets.

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

Mexico's diamond exports in January 2025 were almost entirely concentrated in one market. The United States was the dominant destination, accounting for 88.05% of the total export value. This high value share, combined with a much lower quantity share of 97.47%, indicates these shipments consisted of high-grade, finished diamonds. The trade was not fragmented, with the US also receiving 78.21% of all export shipments.

Destination Countries Clusters and Underlying Causes

The trade profile reveals two distinct clusters for Mexico's diamond exports. The US forms a "Volume/Hub Cluster," acting as the primary bulk consumer and distribution point for these high-value goods. Canada represents a smaller "High-Yield Cluster," accounting for 11.95% of the export value from just 2.53% of the quantity. This suggests Canada imports a smaller volume of even higher-value, premium diamonds from Mexico.

Forward Strategy and Supply Chain Implications

The extreme reliance on the US market requires a strategy focused on maintaining this key relationship and optimizing logistics for high-value goods. For the smaller Canadian niche, the focus should be on capturing its premium market segment. The data shows no domestic Mexican shipments, indicating all production is destined for these two export markets.

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

According to yTrade data, the Mexico Diamonds Export buyers in January 2025 show a highly concentrated market. The dominant group consists of high-value, high-frequency buyers, which account for 98.43% of the export value. This defines the typical trade for the Mexico Diamonds Export buyers under hs code 7102 trade data.

Strategic Buyer Clusters and Trade Role

The four segments of buyers reveal only two active groups: high-value, high-frequency and low-value, high-frequency buyers. The dominant buyers, including companies like FIRSTCASH INC, suggest an intermediated or agent-driven market for diamonds. The profile of hs code 7102 buyers indicates that trading firms play a key role in this export flow.

Sales Strategy and Vulnerability

For Mexico's diamond exporters, the sales strategy should prioritize maintaining strong ties with high-value buyers to sustain revenue. The low diversification among buyers poses a risk of market vulnerability. The recent update to Mexico's General Foreign Trade Rules for 2025 [GT Law] may require exporters to adapt to new regulations, potentially affecting hs code 7102 trade data outcomes.

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

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Action Plan for Diamonds Market Operation and Expansion

• Secure high-value buyer contracts using hs code 7102 trade data to track order frequency, ensuring stable revenue for the Mexico Diamonds Export sector and mitigating the risk of market concentration.
• Diversify into premium market segments like Canada by analyzing unit price differentials in the trade data, capturing higher margins from lower-volume, higher-value diamond exports.
• Mitigate geographic risk by developing secondary export routes beyond the dominant US market, strengthening the overall Diamonds supply chain against logistical or trade policy disruptions.
• Invest in further processing of semi-finished goods to move up the value chain, using the specialized position in the Mexico Diamonds Export flow to command greater pricing power and profitability.

Take Action Now —— Explore Mexico Diamonds Export Data

Frequently Asked Questions

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

Mexico's diamond exports in January 2025 started strong with a total value of 3.31 million USD, reflecting a robust opening under updated trade regulations. The market is highly concentrated in semi-processed diamonds, with no price variations, indicating stable specialization.

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

The United States dominates, accounting for 88.05% of export value, while Canada represents a smaller but high-value niche with 11.95% of the value from just 2.53% of the quantity.

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

The price difference stems from the export of high-grade, semi-processed diamonds, with the US receiving bulk shipments and Canada importing premium, smaller-volume goods.

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

Exporters should prioritize maintaining relationships with high-value buyers like FIRSTCASH INC and optimize logistics for the US market while capturing Canada’s premium segment.

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

Buyers in the US benefit from consistent bulk supply, while Canadian buyers access higher-value diamonds. The market’s concentration suggests reliability but also limited diversification.

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

Mexico’s diamond exports consist entirely of semi-processed, non-industrial diamonds, which are intermediate goods for further value addition in jewelry or industrial applications.