.RUSSIA'S precious stone sector is actually struggling. On January 1st the G7, a team of wealthy countries, as well as the European Association disallowed imports of rugged diamonds mined in Russia-- a third of the total removed worldwide in 2022. On January 3rd the EU included Russia's condition exploration company, as well as its own leader, to its own decrees checklist. This is the initial stage of an extensive sanctions scheme: in March the G7 as well as EU will definitely disallow Russian treasures that have been reduced and also fine-tuned abroad. In September they will definitely introduce a qualification program to verify where gemstones were mined. These steps add up to the biggest modification to your business in many years. Why has it taken such a long time to enforce injunctions on Russia's precious stone sector-- and also what influence will they have?