.RUSSIA'S DIAMOND industry is under the gun. On January first the G7, a team of abundant nations, and the European Union disallowed imports of tough precious stones mined in Russia-- a 3rd of the complete drawn out worldwide in 2022. On January 3rd the EU incorporated Russia's condition exploration company, as well as its chief executive, to its decrees list. This is actually the initial period of a thorough injunctions scheme: in March the G7 as well as EU are going to ban Russian gems that have actually been reduced as well as perfected abroad. In September they will certainly present a qualification system to validate where rubies were actually extracted. These solutions add up to the largest change to your business in decades. Why has it taken so long to enforce decrees on Russia's diamond field-- and what influence will they possess?