There can be two methods of preparing tungsten diiodide using tungsten hexacarbonyl, the main difference between the two being in the choice of temperature.

There are three direct preparation methods for tungsten diiodide, which are obtained by high-temperature chemotaxis, halide exchange reaction, and reaction of tungsten hexacarbonyl with elemental iodine. Meanwhile, tungsten diiodide can also be obtained by indirect method.

The high-temperature chemical method of tungsten diiodide is legally produced by the reaction of elemental tungsten and elemental iodine at temperatures between 600 and 800°C: W+I₂→WI₂. Generally, the temperature selected for the reaction is 800°C, and tungsten diiodide is produced using the reaction of tungsten powder with iodine.

Tungsten diiodide (WI₂) has good stability at room temperature but readily reacts chemically at high temperatures and in the presence of oxygen. Tungsten diiodide is an inorganic compound with the following chemical properties.