---
title: "HSN Code for Diamonds – Worked | HSN 71022120 GST Rate"
description: "Find HSN and GST Rates for 71022120 related to Diamonds – Worked with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-71022120/"
---

# HSN Code 71022120: Diamonds – Worked

- [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: Unsorted | 0.125% | 0.125% | 0.25% | 0% |

## Frequently asked questions

### What products are classified under HSN 71022120 ?

It includes Sapphires, Rubies and Emeralds

### How should mixed supplies be billed when Diamonds – Worked is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Diamonds – Worked; Nil for exempt items if applicable).

### Any common misclassification issue with Diamonds – Worked?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### Does packaging or labelling change the GST for Diamonds – Worked?

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.

### Can we claim ITC on inputs used to trade Diamonds – Worked?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### Do e‑way bill and e‑invoice apply for Diamonds – Worked?

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.

### How much GST applies to Diamonds – Worked?

Under HSN 71022120, Diamonds – Worked attracts Varies when sold in taxable form. Describe the exact form on the invoice.

## India's trade performance: HSN Code 71022120 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹14 Cr (−27.89% YoY) — 0.0004% of India's total exports
- Imports: ₹1,302 Cr (−12.64% YoY) — 0.0214% of India's total imports
- Trade balance: −₹1,288 Cr (Deficit); surplus rank #12297 of 12657 HSN codes
- Share of Sub-Chapter 7102: 0.01% of its exports; import side 0.95%
- Rank within Sub-Chapter 7102: #4 of 8 by export value; import-side #4

### Key metrics

- Export CAGR: -3.89% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #5335 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +91.62% in FY 2021-22
- Contribution to Sub-Ch. 7102: 0.01% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 71022120

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 | 17.94 | 0.0008% | — | 0.01% | 361.89 | 0.0101% | — | 0.20% | −343.95 | #4244 |
| FY 2019-20 | 14.59 | 0.0007% | −18.67% | 0.01% | 539.97 | 0.0161% | +49.21% | 0.36% | −525.38 | #4531 |
| FY 2020-21 | 20.28 | 0.0009% | +39.00% | 0.02% | 404.73 | 0.0139% | −25.05% | 0.32% | −384.45 | #4158 |
| FY 2021-22 | 38.86 | 0.0012% | +91.62% | 0.02% | 951.03 | 0.0208% | +134.98% | 0.46% | −912.17 | #3718 |
| FY 2022-23 | 30.81 | 0.0009% | −20.72% | 0.02% | 1,586.77 | 0.0276% | +66.85% | 0.76% | −1,555.96 | #4132 |
| FY 2023-24 | 19.61 | 0.0005% | −36.35% | 0.01% | 1,490.49 | 0.0265% | −6.07% | 0.83% | −1,470.88 | #4802 |
| FY 2024-25 | 14.14 | 0.0004% | −27.89% | 0.01% | 1,302.04 | 0.0214% | −12.64% | 0.95% | −1,287.90 | #5335 |

- CAGR (7-year): exports -3.89%/yr, imports 23.79%/yr (consistently Deficit)

## Key trade insights: HSN Code 71022120 export-import analysis

### Export decline: -3.89% CAGR over 7 years

India's exports under HSN Code 71022120 have declined at a compound annual rate of -3.89% over 7 fiscal years, falling from ₹17.94 Crore in FY 2018-19 to ₹14.14 Crore in FY 2024-25.

### HSN Code 71022120 ranked #5335 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 71022120 ranks #5335 out of 12657 HSN codes by total export value. Within Sub-Chapter 7102, it ranks #4 of 8. By trade surplus, it ranks #12297 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 71022120 exports

The strongest single-year export movement for HSN Code 71022120 was recorded in FY 2021-22, when exports surged by 91.62% over the prior year.

### India records a trade deficit of ₹1,287.90 Crore in HSN Code 71022120 goods

In FY 2024-25, India's imports of ₹1,302.04 Cr exceeded exports of ₹14.14 Cr, resulting in a trade deficit of ₹1,287.90 Crore — ranking #12297 of 12657 by surplus magnitude.

### Import growth of 23.79% CAGR signals rising demand for Diamonds – Worked

India's imports under HSN Code 71022120 have grown at 23.79% CAGR, reaching ₹1,302.04 Crore in FY 2024-25.

### HSN Code 71022120 contributes 0.01% of Sub-Chapter 7102 exports — ranked #4

Among the 8 HSN codes under Sub-Chapter 7102, HSN Code 71022120 ranks #4 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.95% share (rank #4).

## 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](https://busy.in/hsn/hsn-71022110/) | ₹33 Cr |
| #4 | HSN Code 71022120: Diamonds – Worked (this hsn code) | ₹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 |