.RUSSIA'S precious stone industry is actually under pressure. On January 1st the G7, a team of rich nations, and also the European Association outlawed imports of tough gemstones unearthed in Russia-- a 3rd of the complete removed worldwide in 2022. On January 3rd the EU included Russia's condition exploration provider, as well as its own president, to its injunctions listing. This is the initial phase of a complete decrees system: in March the G7 and EU are going to outlaw Russian gems that have been reduced and also perfected abroad. In September they will definitely introduce a qualification system to verify where rubies were mined. These measures amount to the largest modification to business in decades. Why possesses it taken as long to establish sanctions on Russia's ruby industry-- and what impact will they have?