.RUSSIA'S ruby field is struggling. On January 1st the G7, a group of wealthy countries, and the European Alliance outlawed imports of harsh diamonds unearthed in Russia-- a 3rd of the overall drawn out worldwide in 2022. On January 3rd the EU incorporated Russia's state mining company, and its own president, to its own injunctions checklist. This is actually the very first phase of a thorough decrees system: in March the G7 as well as EU will certainly disallow Russian gems that have been cut and also fine-tuned abroad. In September they will definitely offer a certification program to validate where gemstones were actually extracted. These measures add up to the greatest improvement to the business in years. Why has it taken so long to establish penalties on Russia's precious stone market-- and also what effect will they possess?