.RUSSIA'S precious stone sector is struggling. On January first the G7, a group of rich countries, as well as the European Association banned bring ins of tough gemstones unearthed in Russia-- a 3rd of the overall drawn out worldwide in 2022. On January 3rd the EU added Russia's state mining company, and its chief executive, to its penalties listing. This is the first period of an extensive decrees scheme: in March the G7 as well as EU will definitely disallow Russian gems that have actually been reduced and fine-tuned abroad. In September they are going to present a certification scheme to verify where diamonds were unearthed. These solutions amount to the most significant adjustment to business in decades. Why possesses it taken as long to impose decrees on Russia's diamond field-- and what impact will they possess?