.RUSSIA'S DIAMOND field is actually struggling. On January first the G7, a group of abundant nations, and the European Union outlawed bring ins of rough rubies mined in Russia-- a third of the overall extracted worldwide in 2022. On January 3rd the EU incorporated Russia's condition exploration business, as well as its leader, to its own sanctions checklist. This is actually the 1st stage of a complete sanctions scheme: in March the G7 and EU will outlaw Russian jewels that have actually been reduced and refined abroad. In September they are going to introduce a qualification plan to validate where gemstones were actually unearthed. These procedures add up to the most significant change to business in decades. Why has it taken such a long time to enforce decrees on Russia's ruby business-- and what impact will they have?