About HS Code 710421
This code specifically covers natural diamonds in their raw, unpolished state, either as rough stones or after initial basic shaping like sawing. These are the fundamental raw materials for the global diamond cutting and polishing industry. The international trade in these goods is dominated by large mining corporations, diamond tenders, and major diamond dealers. Key considerations for trade include the potential '4 Cs' (carat, cut potential, clarity, color) even in rough form, adherence to ethical sourcing protocols like the Kimberley Process Certification Scheme, and market speculation. This stage represents the very beginning of the diamond supply chain, where the inherent value of the stone is assessed before any significant value-adding processes occur.
Products Under This Code
Rough industrial diamonds, Rough gem-quality diamonds, Simply sawn diamond slices, Roughly shaped diamond crystals, Diamond bort, Diamond dust (from initial processing)
Real World Examples
De Beers (rough diamond sales), Alrosa (rough diamond production), Petra Diamonds, Rio Tinto
Common Misclassification
This is distinct from worked diamonds (710491) or synthetic diamonds (710429). The key is 'unworked or simply sawn or roughly shaped' and 'diamonds'.
Products Classified Under 7104.21
Industry
This code belongs to the Gems & Jewelry industry.
Trade Overview
Botswana, Russia, Canada, and South Africa are primary exporters of rough diamonds, with India, Belgium, and Israel being major importing and cutting centers.
Frequently Asked Questions
What is HS code 710421?
HS code 710421 covers: Stones; diamonds, unworked or simply sawn or roughly shaped. This code specifically covers natural diamonds in their raw, unpolished state, either as rough stones or after initial basic shaping like sawing. These are the fundamental raw materials for the global diamond cutting and polishing industry. The international trade in these goods is dominated by large mining corporations, diamond tenders, and major diamond dealers. Key considerations for trade include the potential '4 Cs' (carat, cut potential, clarity, color) even in rough form, adherence to ethical sourcing protocols like the Kimberley Process Certification Scheme, and market speculation. This stage represents the very beginning of the diamond supply chain, where the inherent value of the stone is assessed before any significant value-adding processes occur.
What products fall under HS code 710421?
Rough industrial diamonds, Rough gem-quality diamonds, Simply sawn diamond slices, Roughly shaped diamond crystals, Diamond bort, Diamond dust (from initial processing)
What are common misclassifications for HS code 710421?
This is distinct from worked diamonds (710491) or synthetic diamonds (710429). The key is 'unworked or simply sawn or roughly shaped' and 'diamonds'.
How is HS code 710421 structured?
HS code 710421 is a 6-digit subheading under the Harmonized System. The first 2 digits (71) identify the chapter, digits 3-4 (04) identify the heading, and digits 5-6 (21) specify the subheading. This code is standardized globally by the World Customs Organization.