.RUSSIA'S precious stone field is struggling. On January first the G7, a group of rich nations, as well as the European Alliance banned imports of rough diamonds unearthed in Russia-- a 3rd of the complete drawn out worldwide in 2022. On January 3rd the EU incorporated Russia's condition exploration provider, and its own leader, to its own injunctions list. This is the first period of a comprehensive penalties program: in March the G7 and also EU will definitely disallow Russian treasures that have been actually reduced as well as refined abroad. In September they are going to introduce a certification scheme to confirm where diamonds were actually extracted. These procedures amount to the greatest modification to your business in years. Why has it taken so long to enforce penalties on Russia's gemstone sector-- and what influence will they possess?