.RUSSIA'S gemstone field is under the gun. On January 1st the G7, a group of rich countries, and the European Alliance banned imports of tough gemstones mined in Russia-- a 3rd of the complete removed worldwide in 2022. On January 3rd the EU added Russia's state mining firm, and also its president, to its penalties list. This is the first period of an extensive injunctions system: in March the G7 and also EU will definitely outlaw Russian jewels that have actually been actually reduced and also polished abroad. In September they will offer a license system to confirm where rubies were actually unearthed. These procedures amount to the greatest adjustment to your business in many years. Why possesses it taken such a long time to impose penalties on Russia's gemstone field-- as well as what influence will they possess?