.RUSSIA'S DIAMOND field is struggling. On January 1st the G7, a team of rich nations, as well as the European Association outlawed bring ins of rough gemstones unearthed in Russia-- a 3rd of the complete extracted worldwide in 2022. On January 3rd the EU included Russia's condition mining company, and also its president, to its decrees list. This is the initial phase of a comprehensive injunctions plan: in March the G7 and EU will certainly disallow Russian jewels that have actually been actually cut and also fine-tuned abroad. In September they will launch a certification system to validate where rubies were actually unearthed. These measures add up to the largest modification to your business in many years. Why possesses it taken so long to enforce injunctions on Russia's precious stone market-- as well as what influence will they have?