.RUSSIA'S DIAMOND sector is under pressure. On January 1st the G7, a group of rich nations, as well as the European Association disallowed bring ins of rugged gemstones unearthed in Russia-- a 3rd of the complete drawn out worldwide in 2022. On January 3rd the EU added Russia's state exploration firm, as well as its own chief executive, to its penalties listing. This is actually the 1st stage of a comprehensive injunctions system: in March the G7 and EU will prohibit Russian jewels that have been actually reduced and polished abroad. In September they are going to launch a certification plan to validate where diamonds were actually extracted. These steps add up to the greatest modification to the business in many years. Why has it taken as long to establish decrees on Russia's ruby business-- and what influence will they have?