.RUSSIA'S DIAMOND field is actually under the gun. On January first the G7, a team of abundant nations, as well as the European Association prohibited bring ins of harsh precious stones unearthed in Russia-- a third of the total extracted worldwide in 2022. On January 3rd the EU incorporated Russia's condition mining provider, and its own leader, to its decrees checklist. This is the 1st period of a detailed sanctions plan: in March the G7 and EU will certainly outlaw Russian gems that have actually been actually cut and also perfected abroad. In September they will introduce a qualification scheme to validate where gemstones were mined. These measures amount to the biggest improvement to the business in decades. Why possesses it taken as long to impose decrees on Russia's ruby industry-- as well as what impact will they have?