.RUSSIA'S precious stone industry is struggling. On January first the G7, a team of rich nations, as well as the European Association banned imports of rugged rubies extracted in Russia-- a third of the complete extracted worldwide in 2022. On January 3rd the EU included Russia's state exploration provider, and also its ceo, to its own injunctions listing. This is actually the first period of a comprehensive decrees program: in March the G7 as well as EU will definitely disallow Russian treasures that have actually been actually reduced and also refined abroad. In September they will launch an accreditation scheme to verify where precious stones were actually mined. These procedures add up to the greatest modification to business in many years. Why possesses it taken as long to enforce injunctions on Russia's ruby business-- and what effect will they possess?