.RUSSIA'S gemstone sector is actually under the gun. On January 1st the G7, a team of abundant countries, as well as the European Association banned imports of harsh rubies mined in Russia-- a third of the total extracted worldwide in 2022. On January 3rd the EU incorporated Russia's state mining firm, and its leader, to its decrees listing. This is the very first stage of a complete injunctions plan: in March the G7 and EU will definitely ban Russian treasures that have been cut and refined abroad. In September they will certainly offer a certification program to confirm where precious stones were unearthed. These solutions add up to the biggest modification to your business in many years. Why has it taken as long to enforce penalties on Russia's gemstone business-- and also what influence will they have?