.RUSSIA'S gemstone sector is struggling. On January 1st the G7, a group of wealthy countries, and also the European Union prohibited bring ins of rugged precious stones extracted in Russia-- a third of the total drawn out worldwide in 2022. On January 3rd the EU incorporated Russia's state mining firm, and its ceo, to its own sanctions listing. This is actually the initial period of a detailed decrees program: in March the G7 and also EU will disallow Russian jewels that have actually been cut and also fine-tuned abroad. In September they will present a qualification program to validate where rubies were extracted. These measures amount to the greatest modification to your business in decades. Why possesses it taken such a long time to impose injunctions on Russia's diamond industry-- and what influence will they possess?