.RUSSIA'S ruby sector is struggling. On January first the G7, a group of wealthy nations, and also the European Union prohibited imports of harsh gemstones extracted in Russia-- a 3rd of the total drawn out worldwide in 2022. On January 3rd the EU incorporated Russia's state mining company, and also its own chief executive, to its own penalties listing. This is the 1st period of a complete sanctions plan: in March the G7 as well as EU will certainly outlaw Russian jewels that have actually been actually cut and fine-tuned abroad. In September they will certainly offer a license system to verify where gemstones were unearthed. These actions add up to the greatest improvement to your business in years. Why has it taken as long to establish injunctions on Russia's diamond field-- and also what impact will they have?