.RUSSIA'S precious stone sector is under pressure. On January first the G7, a group of abundant countries, as well as the European Association banned bring ins of tough precious stones extracted in Russia-- a 3rd of the complete drawn out worldwide in 2022. On January 3rd the EU added Russia's condition exploration company, as well as its own chief executive, to its own injunctions listing. This is actually the first stage of a complete decrees scheme: in March the G7 and also EU will disallow Russian jewels that have been reduced and also perfected abroad. In September they will definitely introduce a license system to verify where gemstones were unearthed. These measures add up to the largest adjustment to business in many years. Why possesses it taken as long to enforce penalties on Russia's ruby sector-- and what influence will they possess?