.RUSSIA'S precious stone business is under pressure. On January 1st the G7, a group of abundant countries, and the European Alliance banned imports of rough gemstones mined in Russia-- a 3rd of the overall removed worldwide in 2022. On January 3rd the EU included Russia's condition mining company, and also its own leader, to its decrees list. This is actually the 1st stage of an extensive injunctions scheme: in March the G7 and EU will prohibit Russian jewels that have been reduced and refined abroad. In September they will certainly launch a license scheme to verify where rubies were mined. These actions amount to the most significant improvement to business in years. Why has it taken so long to establish penalties on Russia's diamond field-- and what impact will they possess?