.RUSSIA'S precious stone field is under the gun. On January first the G7, a team of abundant countries, as well as the European Alliance prohibited bring ins of tough rubies unearthed in Russia-- a 3rd of the overall drawn out worldwide in 2022. On January 3rd the EU added Russia's state exploration firm, as well as its own chief executive, to its own injunctions list. This is the initial stage of a complete decrees program: in March the G7 as well as EU will definitely outlaw Russian jewels that have actually been cut as well as perfected abroad. In September they will definitely present an accreditation plan to verify where precious stones were actually mined. These procedures amount to the greatest modification to your business in decades. Why has it taken so long to enforce decrees on Russia's diamond business-- as well as what impact will they have?