.RUSSIA'S gemstone field is struggling. On January 1st the G7, a group of abundant countries, as well as the European Association banned imports of rugged diamonds extracted in Russia-- a third of the total removed worldwide in 2022. On January 3rd the EU incorporated Russia's state exploration provider, and its ceo, to its penalties checklist. This is actually the very first phase of an extensive sanctions scheme: in March the G7 as well as EU are going to ban Russian gems that have actually been cut and also polished abroad. In September they are going to present a license system to confirm where gemstones were mined. These solutions add up to the most significant adjustment to business in many years. Why possesses it taken as long to enforce injunctions on Russia's ruby industry-- and also what impact will they possess?