.RUSSIA'S DIAMOND sector is under pressure. On January first the G7, a group of abundant nations, and the European Union prohibited bring ins of harsh diamonds unearthed in Russia-- a third of the total drawn out worldwide in 2022. On January 3rd the EU incorporated Russia's condition exploration company, and also its president, to its penalties checklist. This is actually the very first phase of a detailed penalties system: in March the G7 and EU will definitely prohibit Russian treasures that have been reduced as well as fine-tuned abroad. In September they will definitely introduce a certification scheme to confirm where precious stones were mined. These solutions amount to the most significant improvement to business in years. Why possesses it taken as long to enforce penalties on Russia's ruby market-- as well as what influence will they have?