Add the diced mango, chopped habaneros, lime juice, vinegar, honey, smoked paprika, garlic powder, onion powder, salt, and pepper to a bowl or blender container.
Blend the mixture using an immersion blender or high-powered blender until the sauce becomes thick, smooth, and fully combined.
Taste the sauce and adjust seasoning if needed to balance the sweetness, acidity, or heat level.
Transfer the finished sauce into clean mason jars or airtight containers for storage.
Refrigerate the sauce before serving so the flavors have time to develop fully.
Keep the sauce covered and refrigerated, using it within the recommended storage time for best flavor and freshness.