.RUSSIA'S precious stone sector is actually under pressure. On January first the G7, a group of wealthy nations, and the European Association disallowed bring ins of tough rubies unearthed in Russia-- a third of the overall drawn out worldwide in 2022. On January 3rd the EU included Russia's state mining firm, and also its chief executive, to its decrees listing. This is the 1st stage of an extensive injunctions program: in March the G7 and EU will outlaw Russian jewels that have actually been actually reduced and also refined abroad. In September they will certainly launch a license program to validate where diamonds were actually unearthed. These measures amount to the greatest improvement to your business in years. Why has it taken such a long time to impose penalties on Russia's precious stone market-- and also what influence will they have?