Diamonds; whether or not worked, but not mounted or set, unsorted

HS code 710210 covers the trade of uncut and unset diamonds, a critical component of the global jewelry and gemstone industry. Diamonds are highly valued for their rarity, durability, and optical properties, making them a sought-after commodity in both consumer and industrial markets. This code encompasses a wide range of diamond products, from raw, unprocessed stones to those that have undergone basic shaping and polishing, but have not yet been mounted or set into jewelry or other final products.

The production of diamonds covered under HS code 710210 primarily involves mining, sorting, and basic processing. Diamonds are extracted from kimberlite and lamproite deposits through open-pit or underground mining techniques. The mined diamonds then undergo sorting, cleaning, and grading processes to assess their quality, clarity, and other characteristics. Some diamonds may also be subjected to basic cutting and polishing to enhance their appearance, but they remain unset and unmounted at this stage of production.

The main inputs required for the diamond industry under HS code 710210 include mining equipment, such as excavators, crushers, and sorting machinery, as well as skilled labor for the various processing and quality control tasks. Additionally, the industry relies on a robust supply chain of transportation, logistics, and trading networks to facilitate the global movement of these precious stones.

The primary output of the HS code 710210 diamond industry is uncut, unset, and unsorted diamonds, which are then consumed by various downstream industries. These diamonds may be further processed, cut, and polished before being set into jewelry, such as rings, necklaces, and earrings, which fall under 711319 Jewelry and parts thereof, of precious metal other than silver. Diamonds may also be used in industrial applications, such as cutting and polishing tools, which are classified under 820719 (Interchangeable tools for hand tools, whether or not power-operated, or for machine-tools (for example, for pressing, stamping, punching, tapping, threading, drilling, boring, broaching, milling, turning or screwdriving), including dies for drawing or extruding metal, and rock drilling or earth boring tools), or as abrasives in 680252 Diamonds, worked, but not mounted or set, among other uses.