.RUSSIA'S precious stone sector is actually under the gun. On January first the G7, a group of rich countries, and also the European Union prohibited bring ins of rough precious stones extracted in Russia-- a third of the overall extracted worldwide in 2022. On January 3rd the EU incorporated Russia's condition mining provider, as well as its own leader, to its penalties list. This is actually the very first period of a complete injunctions scheme: in March the G7 as well as EU will certainly prohibit Russian treasures that have been actually cut and polished abroad. In September they will certainly introduce a certification plan to verify where diamonds were actually extracted. These measures amount to the greatest adjustment to business in many years. Why possesses it taken as long to impose injunctions on Russia's precious stone industry-- and what impact will they have?