The temperature‐composition phase diagram of the HgTe—HgI2 pseudobinary system was determined between 25 and 670°C using differential scanning calorimetry, differential thermal analysis, Debye‐Scherrer powder X‐ray diffraction techniques, and metallographic analysis methods. Solid solutions of HgTe and HgI2 with the cubic, zinc blende‐type structure exist above 300°C, having a maximum solubility of 11.7±0.8 Mol‐% HgI2 in HgTe at 501±5°C. The monoclinic intermediate phase Hg3Te2I2 is formed by a peritectic reaction upon cooling at 501±5°C, with the peritectic point at approximately 37±4 Mol‐% HgI2. The previously unknown cubic phase Hg3TeI4 (a = 6.240±0.003 Å) is formed by a eutectoid reaction at 238±3°C and is stable up to 273±3°C, where it melts by a peritectic reaction with the peritectic point at approximately 79±3 Mol‐% HgI2. Between Hg3TeI4 and HgI2 is a eutectic point at 82±3 Mol‐% HgI2 and 250±3°C. The α to β transition of HgI2 at 133±3°C is independent of sample composition between 33.3 and 100 Mol‐% HgI2.