Mexico Diamonds HS7102 Export Data 2025 Q1 Overview

Mexico Diamonds (HS 7102) 2025 Q1 Export: Key Takeaways

Mexico’s diamond exports under HS Code 7102 in Q1 2025 reveal a high-value, premium-grade product concentrated overwhelmingly in the US, which accounts for 89.49% of export value but just 59.40% of weight—confirming its dominance as a luxury market. Buyer risk is high due to extreme reliance on the US, while Canada and China HongKong play minor roles as secondary and tertiary clusters. This analysis, covering 2025 Q1, is based on cleanly processed Customs data from the yTrade database.

Mexico Diamonds (HS 7102) 2025 Q1 Export Background

Mexico's Diamonds (HS Code 7102), defined as "whether or not worked, but not mounted or set", fuel jewelry and industrial tool manufacturing, with steady global demand driven by luxury and precision cutting needs. While no Q1 2025 policy changes directly target this export, Mexico's trade momentum remains strong under USMCA rules, where non-compliance risks a 25% tariff [BBVA Research]. As a key supplier to the U.S. and Canada, Mexico’s 2025 Q1 exports of HS 7102 benefit from regional trade networks and tariff exemptions.

Mexico Diamonds (HS 7102) 2025 Q1 Export: Trend Summary

Key Observations

Mexico Diamonds HS Code 7102 Export 2025 Q1 exhibited sharp price volatility, with a peak unit price of 789.07 USD/kg in February marking a 35% increase from January, alongside fluctuating volume and value trends.

Price and Volume Dynamics

The Q1 performance showed a MoM price surge in February, likely driven by seasonal demand peaks such as Valentine's Day, which typically boosts diamond purchases. Volume dropped to 4.07K kg in February from 5.68K kg in January, indicating constrained supply or heightened demand pressure. March brought a rebound, with volume soaring to 8.07K kg and value doubling to 6.00M, suggesting normalized trade flows or inventory replenishment post-seasonal spike, consistent with diamond industry cycles where post-holiday adjustments often occur.

External Context and Outlook

Mexico's overall trade momentum remained robust in early 2025, with cumulative exports reaching USD 313 billion in 1H25 as reported by BBVA Research, providing a stable environment for diamond exports. USMCA compliance ensures tariff predictability, reducing external shocks and supporting continued access to key markets like the U.S., which may sustain demand stability for Mexico Diamonds HS Code 7102 Export through 2025.

Mexico Diamonds (HS 7102) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

In Q1 2025, Mexico's export of HS Code 7102 diamonds is dominated by non-industrial diamonds that are worked but not mounted or set, specifically under code 71023999, which accounts for nearly half of the total value and weight. This product commands a high unit price of approximately 704 US dollars per kilogram, indicating a focus on high-value gem-quality stones. An extreme price anomaly is present in industrial diamonds (code 71022999), with a unit price of only 0.59 US dollars per kilogram and minimal trade volume, which is isolated from the main analysis due to its insignificant market share.

Value-Chain Structure and Grade Analysis

The market structure for Mexico Diamonds HS Code 7102 Export in 2025 Q1 is divided into two clear categories based on grade and application: high-value non-industrial diamonds for jewelry or investment purposes, and low-value industrial diamonds used in manufacturing tools. Non-industrial diamonds represent the primary export, suggesting a trade in differentiated, high-grade goods rather than fungible bulk commodities, as evidenced by the substantial price premium and consistent trade frequency.

Strategic Implication and Pricing Power

For market players in Mexico's diamond export sector, the concentration on high-value non-industrial diamonds under HS Code 7102 provides strong pricing power and opportunities for premium positioning in 2025 Q1. Strategic focus should remain on maintaining quality standards and exploring value-added processing to enhance margins, as the market is not heavily influenced by commodity indices. Broader trade compliance, such as adhering to USMCA rules, remains critical but does not directly impact diamond-specific exports based on available information.

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Mexico Diamonds (HS 7102) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

Mexico Diamonds HS Code 7102 Export 2025 Q1 shows extreme concentration in the UNITED STATES, which accounts for 89.49% of export value but only 59.40% of weight, indicating high unit prices around 1,126 USD/kg for premium-grade diamonds. This disparity confirms the US as the dominant market for high-value, processed diamonds from Mexico, with Canada and China HongKong playing minor roles.

Partner Countries Clusters and Underlying Causes

The US forms the primary cluster due to proximity and strong demand for luxury goods, while Canada represents a secondary cluster with lower volume but still significant value, likely due to NAFTA/USMCA trade ease. China HongKong is a tertiary cluster with minimal share, possibly serving as a transit point for re-export to other Asian markets, reflecting niche or lower-volume trade flows.

Forward Strategy and Supply Chain Implications

Market players should prioritize maintaining high quality and certification for US exports to sustain premium pricing, while exploring Canada for stable, albeit smaller, opportunities. Supply chains must ensure compliance with USMCA rules to avoid tariffs, though no specific diamond-related updates emerged in Q1 2025, keeping focus on general trade reliability and logistics efficiency.

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Mexico Diamonds (HS 7102) 2025 Q1 Export: Buyer Cluster

Buyer Market Concentration and Dominance

The Mexico Diamonds Export 2025 Q1 under HS Code 7102 shows a highly concentrated buyer market, where one group of buyers drives nearly all the value. In Q1 2025, buyers who make large, frequent purchases account for 93.48% of the total export value, indicating that the market relies heavily on a few key players for revenue. This segment, with 73.24% of transaction frequency, defines the overall market as high-value and high-frequency for these four segments of buyers.

Strategic Buyer Clusters and Trade Role

The other buyer groups play smaller but distinct roles. Buyers with large but infrequent orders contribute 5.70% of value, likely representing one-off or seasonal deals for premium diamonds. Those with small but regular purchases make up only 0.06% of value, suggesting they are smaller retailers or artisans who buy consistently but in low volumes. Lastly, buyers with small and rare orders account for 0.75% of value, possibly indicating new market entrants or experimental purchases.

Sales Strategy and Vulnerability

For exporters in Mexico, the strategy should prioritize nurturing relationships with the dominant high-value, high-frequency buyers to secure steady revenue. The risk lies in over-dependence on this group, so diversifying into the other segments could mitigate vulnerability. Sales efforts should focus on personalized service for large buyers while exploring automated channels for smaller, frequent ones. As noted in BBVA Research, Mexico's strong trade momentum supports this approach, but compliance with USMCA rules remains critical for all exports, including diamonds (BBVA Research).

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Mexico Diamonds (HS 7102) 2025 Q1 Export: Action Plan for Diamonds Market Expansion

Strategic Supply Chain Overview

Mexico Diamonds Export 2025 Q1 under HS Code 7102 centers on high-value non-industrial diamonds. Price is driven by quality grade and certification, not commodity indices. The supply chain must ensure premium processing and strict compliance with USMCA rules. Heavy reliance on the US market and a few key buyers creates both high margins and vulnerability. Logistics must prioritize speed and reliability for high-frequency shipments.

Action Plan: Data-Driven Steps for Diamonds Market Execution

• Nurture relationships with top US buyers using transaction frequency data. This secures steady revenue from the dominant high-value segment.
• Diversify into Canadian and niche Asian markets with targeted trade analytics. This reduces over-dependence on a single buyer group and geography.
• Implement automated ordering systems for small, frequent buyers. This captures low-volume but consistent sales without high overhead.
• Audit supply chains for USMCA compliance using updated trade rules. This avoids tariffs and ensures smooth cross-border operations.
• Monitor diamond quality and certification through batch-level data tracking. This maintains premium pricing power and buyer trust.

Take Action Now —— Explore Mexico Diamonds Export Data

Frequently Asked Questions

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

The sharp price volatility, including a 35% surge in February 2025, is driven by seasonal demand peaks like Valentine’s Day, alongside constrained supply. March saw a rebound in volume and value, reflecting post-holiday normalization.

Q2. Who are the main partner countries in this Mexico Diamonds Export 2025 Q1?

The U.S. dominates with 89.49% of export value, followed by Canada and China HongKong as minor players. The U.S. market commands premium pricing due to high-grade diamond demand.

Q3. Why does the unit price differ across Mexico Diamonds Export 2025 Q1 partner countries?

The price gap stems from product specialization: non-industrial diamonds (HS 71023999) average 704 USD/kg, while industrial diamonds (HS 71022999) trade at just 0.59 USD/kg. The U.S. primarily imports high-value gem-quality stones.

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

Exporters must prioritize relationships with high-value, high-frequency buyers (93.48% of revenue) while diversifying to mitigate over-reliance. Compliance with USMCA rules and maintaining quality for the U.S. market are critical.

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

U.S. buyers face stable premium pricing but should monitor seasonal volatility. Smaller buyers in Canada and Hong Kong can exploit niche opportunities, though volumes remain limited.

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

Non-industrial diamonds (71023999) are exported as worked but unmounted gemstones for jewelry or investment, while industrial diamonds (71022999) serve low-value manufacturing applications.

Q7. What is yTrade?

yTrade is a global trade data platform that provides SaaS and API access to provide accurate, structured, and searchable import-export trade data for international business decisions. It enables users to access verified shipment records, analyse buyer and supplier activity, review company trade overviews, assess compliance risks, and monitor real market demand — all from a single, scalable system.

Q8. How can yTrade benefit my business?

yTrade helps businesses:

• Identify active and verified buyers through global import data
• Discover reliable suppliers with real shipment history
• Monitor competitor previous trade activity
• Reduce sourcing and compliance risk with worldwide export data
• Support data-driven sales, procurement, and market expansion decisions
• Save time by replacing manual research with structured trade data analysis

Q9. What features does yTrade offer?

yTrade provides practical, trade-focused tools including:

• Global shipment search by HS code, product, company name, port, or country
• Detailed company trade profiles with ownership and relationship mapping
• Buyer and supplier discovery with real transaction trade records
• Basic compliance with background checks and sanctions risk screening
• Competitor's shipment tracking and selling/buying behaviour analysis
• Trade Trends to identify market demand and trade flow monitoring
• Big-Data Search engine with percised filters to generate accurate data reports
• Global Trade Data API access for Internal Softwares like CRM, ERP, and SaaS integration All data is structured, verified, and cleaned to ensure consistency and reliability.

Detailed Monthly Report

Mexico HS7102 Export Snapshot 2025 JAN

Mexico HS7102 Export Snapshot 2025 FEB

Mexico HS7102 Export Snapshot 2025 MAR