.RUSSIA'S precious stone industry is struggling. On January 1st the G7, a team of rich nations, and also the European Union disallowed bring ins of tough rubies mined in Russia-- a 3rd of the complete removed worldwide in 2022. On January 3rd the EU added Russia's condition exploration company, and also its president, to its own decrees listing. This is the initial period of a complete sanctions scheme: in March the G7 and EU will definitely ban Russian treasures that have actually been reduced and perfected abroad. In September they will certainly launch a certification program to verify where gemstones were mined. These solutions add up to the greatest change to business in many years. Why possesses it taken as long to establish injunctions on Russia's ruby industry-- and also what influence will they possess?