.RUSSIA'S gemstone industry is actually struggling. On January first the G7, a group of rich nations, as well as the European Association banned bring ins of tough rubies extracted in Russia-- a 3rd of the complete removed worldwide in 2022. On January 3rd the EU included Russia's condition exploration firm, as well as its president, to its sanctions listing. This is the 1st stage of a comprehensive injunctions program: in March the G7 and also EU will definitely disallow Russian jewels that have been actually reduced and fine-tuned abroad. In September they will certainly present a certification program to verify where diamonds were actually unearthed. These procedures add up to the largest improvement to business in years. Why has it taken so long to establish injunctions on Russia's ruby market-- as well as what impact will they possess?