.RUSSIA'S DIAMOND market is actually struggling. On January 1st the G7, a group of abundant countries, and also the European Union disallowed bring ins of harsh precious stones mined in Russia-- a 3rd of the overall drawn out worldwide in 2022. On January 3rd the EU included Russia's condition exploration provider, as well as its president, to its own decrees list. This is actually the first stage of an extensive injunctions scheme: in March the G7 and also EU are going to outlaw Russian jewels that have actually been cut and also perfected abroad. In September they are going to launch a certification program to verify where diamonds were unearthed. These procedures add up to the largest modification to your business in years. Why has it taken so long to enforce decrees on Russia's ruby market-- as well as what effect will they have?