.RUSSIA'S DIAMOND industry is actually under the gun. On January first the G7, a group of wealthy nations, and also the European Alliance banned bring ins of rugged rubies extracted in Russia-- a 3rd of the complete extracted worldwide in 2022. On January 3rd the EU incorporated Russia's condition mining company, as well as its own chief executive, to its injunctions listing. This is the initial phase of an extensive injunctions plan: in March the G7 and also EU will outlaw Russian jewels that have been cut as well as fine-tuned abroad. In September they will present an accreditation program to confirm where rubies were mined. These steps add up to the largest modification to your business in years. Why possesses it taken such a long time to impose injunctions on Russia's diamond field-- and also what effect will they possess?