.RUSSIA'S precious stone sector is actually under pressure. On January 1st the G7, a team of wealthy countries, and also the European Union banned bring ins of rough gemstones mined in Russia-- a 3rd of the complete removed worldwide in 2022. On January 3rd the EU included Russia's condition exploration provider, and its own ceo, to its decrees listing. This is actually the 1st stage of an extensive injunctions plan: in March the G7 and also EU will certainly ban Russian jewels that have actually been reduced and also polished abroad. In September they are going to offer a qualification scheme to confirm where diamonds were actually unearthed. These procedures add up to the most significant improvement to business in decades. Why possesses it taken such a long time to enforce injunctions on Russia's precious stone market-- as well as what effect will they possess?