.RUSSIA'S precious stone industry is actually struggling. On January 1st the G7, a group of rich countries, and also the European Alliance disallowed bring ins of rough rubies unearthed in Russia-- a third of the total removed worldwide in 2022. On January 3rd the EU added Russia's condition mining business, and also its own leader, to its penalties checklist. This is the very first stage of a thorough sanctions plan: in March the G7 as well as EU will outlaw Russian gems that have actually been reduced and also perfected abroad. In September they will present a qualification plan to confirm where rubies were actually mined. These actions add up to the most significant adjustment to the business in many years. Why possesses it taken such a long time to enforce injunctions on Russia's gemstone market-- and what influence will they possess?