.RUSSIA'S precious stone field is actually under the gun. On January 1st the G7, a group of abundant countries, and the European Union outlawed bring ins of harsh precious stones mined in Russia-- a 3rd of the total extracted worldwide in 2022. On January 3rd the EU added Russia's state mining firm, and its own leader, to its own sanctions checklist. This is actually the initial stage of a comprehensive sanctions scheme: in March the G7 as well as EU will certainly prohibit Russian jewels that have actually been actually cut as well as perfected abroad. In September they will certainly introduce a certification system to verify where rubies were actually mined. These steps amount to the most significant modification to your business in years. Why possesses it taken as long to establish injunctions on Russia's gemstone market-- and what effect will they have?