HSN Code 71022110: Diamonds – Unworked

HSN Code 71022110 represents Diamonds – Unworked under GST classification. This code helps businesses identify Diamonds – Unworked correctly for billing, taxation, and trade. With HSN Code 71022110, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Diamonds – Unworked.

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Description of Goods for HSN Code 71022110

HSN Code 71022110 relates to the following description.

Description of Goods

Industrial : Unworked or simply sawn, cleaved or bruted: Sorted

Chapter

71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

Sub Chapter

7102 - Diamonds, whether or not worked, but not mounted or set

CGST

0.125%

SGST

0.125%

IGST

0.25%

CESS

0%

What does HSN Code 71022110 not include?

Diamonds – Unworked does not include products with the following descriptions.

HSN Code 71022910

Industrial : Other : Crushed (other than those specified in .125% rate entry )

HSN Code 71022990

Industrial : Other : Other (other than those specified in .125% rate entry )

HSN Code 71023910

Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set

HSN Code 71023910

Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set (other than those specified in .125% rate entry )

HSN Code 71023990

Non-industrial : Others : Other (other than those specified in .125% rate entry )

India’s Trade Performance — HSN Code 71022110 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹33 Cr

−17.44% vs FY 2023-24

0.0009% of India’s total exports

India’s Imports

FY 2024-25

₹125 Cr

+165.05% vs FY 2023-24

0.0021% of India’s total imports

Trade Balance

FY 2024-25

−₹92 Cr

Trade Deficit

Surplus rank #10742 of 12657 HSN codes

% of Sub-Chapter 7102

FY 2024-25

0.03%

Share of Sub-Chapter 7102’s total exports in FY 2024-25

Import side: 0.09% of Sub-Chapter 7102’s imports

Rank Within Sub-Chapter 7102

FY 2024-25

#3 of 8

Position by export value among HSN codes in Sub-Chapter 7102

Import-side rank: #5 of 8

At a glance

−1.69%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#4197

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+102.89%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.03%

Contribution to Sub-Ch. 7102

Share of Sub-Chapter 7102 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #3317

Balance

+12.02

Exports

36.44 ₹ Cr

0.0016% share

— YoY

0.02% of Sub-Ch. 7102

Imports

24.42 ₹ Cr

0.0007% share

— YoY

0.01% of Sub-Ch. 7102

FY 2019-20 Exp. Rank #3889

Balance

−38.65

Exports

23.86 ₹ Cr

0.0011% share

−34.52% YoY

0.02% of Sub-Ch. 7102

Imports

62.51 ₹ Cr

0.0019% share

+155.98% YoY

0.04% of Sub-Ch. 7102

FY 2020-21 Exp. Rank #2986

Balance

+16.93

Exports

48.41 ₹ Cr

0.0023% share

+102.89% YoY

0.04% of Sub-Ch. 7102

Imports

31.48 ₹ Cr

0.0011% share

−49.64% YoY

0.02% of Sub-Ch. 7102

FY 2021-22 Exp. Rank #2756

Balance

−50.46

Exports

76.85 ₹ Cr

0.0024% share

+58.75% YoY

0.04% of Sub-Ch. 7102

Imports

127.31 ₹ Cr

0.0028% share

+304.42% YoY

0.06% of Sub-Ch. 7102

FY 2022-23 Exp. Rank #3248

Balance

−32.28

Exports

59.34 ₹ Cr

0.0016% share

−22.78% YoY

0.03% of Sub-Ch. 7102

Imports

91.62 ₹ Cr

0.0016% share

−28.03% YoY

0.04% of Sub-Ch. 7102

FY 2023-24 Exp. Rank #3841

Balance

−7.23

Exports

39.84 ₹ Cr

0.0011% share

−32.86% YoY

0.03% of Sub-Ch. 7102

Imports

47.07 ₹ Cr

0.0008% share

−48.62% YoY

0.03% of Sub-Ch. 7102

FY 2024-25 Exp. Rank #4197

Balance

−91.87

Exports

32.89 ₹ Cr

0.0009% share

−17.44% YoY

0.03% of Sub-Ch. 7102

Imports

124.76 ₹ Cr

0.0021% share

+165.05% YoY

0.09% of Sub-Ch. 7102

CAGR · 7-Year

Exports

−1.69% /yr

Imports

31.24% /yr

Consistently Deficit
Sub-Chapter 7102 total

reference, FY 2024-25

Export

₹1,16,388.01 Cr

Import

₹1,37,056.97 Cr

Trade Balance

−20,668.96

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71022110 and GST compliance.

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.