.RUSSIA'S precious stone industry is struggling. On January 1st the G7, a team of rich nations, and the European Alliance banned bring ins of rough gemstones extracted in Russia-- a third of the total removed worldwide in 2022. On January 3rd the EU included Russia's condition mining firm, and also its leader, to its own injunctions listing. This is the very first period of a complete penalties plan: in March the G7 as well as EU are going to prohibit Russian jewels that have been reduced and polished abroad. In September they will definitely introduce a license program to confirm where diamonds were actually mined. These steps amount to the biggest adjustment to your business in decades. Why possesses it taken such a long time to impose decrees on Russia's ruby sector-- as well as what influence will they possess?