.RUSSIA'S DIAMOND industry is actually struggling. On January first the G7, a group of abundant countries, as well as the European Union banned bring ins of harsh precious stones extracted in Russia-- a 3rd of the complete removed worldwide in 2022. On January 3rd the EU incorporated Russia's state mining company, and also its own chief executive, to its injunctions listing. This is the 1st phase of a detailed injunctions system: in March the G7 as well as EU will certainly disallow Russian gems that have been actually cut as well as polished abroad. In September they will offer a qualification system to confirm where gemstones were actually unearthed. These solutions amount to the greatest modification to your business in decades. Why has it taken as long to impose penalties on Russia's precious stone field-- as well as what effect will they have?