.RUSSIA'S DIAMOND industry is under the gun. On January first the G7, a team of abundant nations, and the European Association banned imports of rough precious stones unearthed in Russia-- a 3rd of the complete extracted worldwide in 2022. On January 3rd the EU incorporated Russia's condition exploration company, and its own ceo, to its own sanctions checklist. This is the first stage of an extensive injunctions plan: in March the G7 as well as EU will definitely disallow Russian jewels that have been actually cut as well as polished abroad. In September they will definitely introduce a certification scheme to validate where rubies were mined. These steps amount to the most significant improvement to your business in many years. Why has it taken as long to establish sanctions on Russia's gemstone industry-- and also what influence will they possess?