--- title: "HSN Code for Diamonds – Unworked | HSN 71022110 GST Rate" description: "Find HSN and GST Rates for 71022110 related to Diamonds – Unworked with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71022110/" --- # HSN Code 71022110: Diamonds – Unworked - [Section 14: Guide to HSN Section 14](https://busy.in/hsn/section-14/) - [Chapter 71: Natural Pearls & Metals](https://busy.in/hsn/chapter-71/) - [Sub-chapter 7102: Unworked Diamonds](https://busy.in/hsn/sub-chapter-7102/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Industrial : Unworked or simply sawn, cleaved or bruted: Sorted | 0.125% | 0.125% | 0.25% | 0% | ## Frequently asked questions ### What products are classified under HSN 71022110 ? It includes Other Precious Stones – Worked ### How much GST applies to Diamonds – Unworked? Under HSN 71022110, Diamonds – Unworked attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Diamonds – Unworked? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Does packaging or labelling change the GST for Diamonds – Unworked? For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading. ### Any common misclassification issue with Diamonds – Unworked? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Diamonds – Unworked is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Diamonds – Unworked; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Diamonds – Unworked? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 71022110 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹33 Cr (−17.44% YoY) — 0.0009% of India's total exports - Imports: ₹125 Cr (+165.05% YoY) — 0.0021% of India's total imports - Trade balance: −₹92 Cr (Deficit); surplus rank #10742 of 12657 HSN codes - Share of Sub-Chapter 7102: 0.03% of its exports; import side 0.09% - Rank within Sub-Chapter 7102: #3 of 8 by export value; import-side #5 ### Key metrics - Export CAGR: -1.69% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4197 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +102.89% in FY 2020-21 - Contribution to Sub-Ch. 7102: 0.03% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71022110 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7102 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7102 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 36.44 | 0.0016% | — | 0.02% | 24.42 | 0.0007% | — | 0.01% | +12.02 | #3317 | | FY 2019-20 | 23.86 | 0.0011% | −34.52% | 0.02% | 62.51 | 0.0019% | +155.98% | 0.04% | −38.65 | #3889 | | FY 2020-21 | 48.41 | 0.0023% | +102.89% | 0.04% | 31.48 | 0.0011% | −49.64% | 0.02% | +16.93 | #2986 | | FY 2021-22 | 76.85 | 0.0024% | +58.75% | 0.04% | 127.31 | 0.0028% | +304.42% | 0.06% | −50.46 | #2756 | | FY 2022-23 | 59.34 | 0.0016% | −22.78% | 0.03% | 91.62 | 0.0016% | −28.03% | 0.04% | −32.28 | #3248 | | FY 2023-24 | 39.84 | 0.0011% | −32.86% | 0.03% | 47.07 | 0.0008% | −48.62% | 0.03% | −7.23 | #3841 | | FY 2024-25 | 32.89 | 0.0009% | −17.44% | 0.03% | 124.76 | 0.0021% | +165.05% | 0.09% | −91.87 | #4197 | - CAGR (7-year): exports -1.69%/yr, imports 31.24%/yr (consistently Deficit) ## Key trade insights: HSN Code 71022110 export-import analysis ### Export decline: -1.69% CAGR over 7 years India's exports under HSN Code 71022110 have declined at a compound annual rate of -1.69% over 7 fiscal years, falling from ₹36.44 Crore in FY 2018-19 to ₹32.89 Crore in FY 2024-25. ### HSN Code 71022110 ranked #4197 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71022110 ranks #4197 out of 12657 HSN codes by total export value. Within Sub-Chapter 7102, it ranks #3 of 8. By trade surplus, it ranks #10742 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 71022110 exports The strongest single-year export movement for HSN Code 71022110 was recorded in FY 2020-21, when exports surged by 102.89% over the prior year. ### India records a trade deficit of ₹91.87 Crore in HSN Code 71022110 goods In FY 2024-25, India's imports of ₹124.76 Cr exceeded exports of ₹32.89 Cr, resulting in a trade deficit of ₹91.87 Crore — ranking #10742 of 12657 by surplus magnitude. ### Import growth of 31.24% CAGR signals rising demand for Diamonds – Unworked India's imports under HSN Code 71022110 have grown at 31.24% CAGR, reaching ₹124.76 Crore in FY 2024-25. ### HSN Code 71022110 contributes 0.03% of Sub-Chapter 7102 exports — ranked #3 Among the 8 HSN codes under Sub-Chapter 7102, HSN Code 71022110 ranks #3 by export value — accounting for 0.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.09% share (rank #5). ## Related HSN Codes in Sub-Chapter 7102 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 71023910: Cut or Worked Non-Industrial Diamonds](https://busy.in/hsn/hsn-71023910/) | ₹1,12,188 Cr | | #2 | [HSN Code 71023100: Sapphires, Rubies and Emeralds](https://busy.in/hsn/hsn-71023100/) | ₹4,152 Cr | | #3 | HSN Code 71022110: Diamonds – Unworked (this hsn code) | ₹33 Cr | | #4 | [HSN Code 71022120: Diamonds – Worked](https://busy.in/hsn/hsn-71022120/) | ₹14 Cr | | #5 | [HSN Code 71021000: Precious Stones (Not Elsewhere Specified)](https://busy.in/hsn/hsn-71021000/) | < ₹1 Crore | | #6 | [HSN Code 71023990: Other Precious or Semi-Precious Stones](https://busy.in/hsn/hsn-71023990/) | < ₹1 Crore | | #7 | [HSN Code 71022990: Other Precious Stones – Worked](https://busy.in/hsn/hsn-71022990/) | < ₹1 Crore | | — | [HSN Code 71022910: Other Precious Stones – Unworked](https://busy.in/hsn/hsn-71022910/) | Nil |