.RUSSIA'S DIAMOND field is actually under pressure. On January 1st the G7, a group of abundant nations, as well as the European Association outlawed imports of harsh rubies extracted in Russia-- a 3rd of the complete extracted worldwide in 2022. On January 3rd the EU added Russia's state exploration firm, and its leader, to its injunctions checklist. This is actually the very first stage of an extensive sanctions scheme: in March the G7 as well as EU are going to outlaw Russian gems that have been actually reduced and fine-tuned abroad. In September they will certainly present a qualification system to validate where precious stones were mined. These measures add up to the greatest improvement to the business in years. Why has it taken as long to establish penalties on Russia's ruby business-- and what influence will they have?