.RUSSIA'S gemstone field is actually struggling. On January first the G7, a group of rich countries, as well as the European Union outlawed imports of harsh rubies mined in Russia-- a 3rd of the overall drawn out worldwide in 2022. On January 3rd the EU added Russia's condition exploration business, and its own ceo, to its own penalties listing. This is the first stage of a thorough penalties system: in March the G7 and EU are going to outlaw Russian jewels that have been reduced and also polished abroad. In September they are going to present an accreditation plan to validate where gemstones were mined. These procedures add up to the greatest adjustment to your business in years. Why possesses it taken such a long time to impose penalties on Russia's gemstone business-- and what effect will they possess?