.RUSSIA'S DIAMOND industry is struggling. On January first the G7, a group of abundant nations, and also the European Alliance disallowed bring ins of tough precious stones unearthed in Russia-- a 3rd of the complete removed worldwide in 2022. On January 3rd the EU added Russia's condition mining firm, as well as its own president, to its sanctions listing. This is the initial phase of a thorough injunctions program: in March the G7 and also EU are going to outlaw Russian jewels that have been actually cut as well as polished abroad. In September they are going to introduce a qualification system to confirm where diamonds were mined. These steps amount to the most significant modification to the business in years. Why possesses it taken so long to impose decrees on Russia's gemstone market-- and also what impact will they possess?