.RUSSIA'S DIAMOND industry is actually struggling. On January 1st the G7, a group of abundant countries, as well as the European Alliance banned imports of rough rubies unearthed in Russia-- a third of the complete drawn out worldwide in 2022. On January 3rd the EU incorporated Russia's state mining business, and also its own chief executive, to its own injunctions listing. This is the very first stage of a complete penalties plan: in March the G7 and EU are going to disallow Russian jewels that have been actually cut and fine-tuned abroad. In September they will definitely offer a license scheme to confirm where rubies were unearthed. These solutions amount to the most significant improvement to business in many years. Why possesses it taken as long to establish sanctions on Russia's gemstone business-- and also what impact will they have?