.RUSSIA'S gemstone field is actually under pressure. On January first the G7, a group of wealthy countries, and the European Association outlawed bring ins of harsh rubies unearthed in Russia-- a 3rd of the complete removed worldwide in 2022. On January 3rd the EU added Russia's condition mining company, as well as its leader, to its penalties checklist. This is the first stage of a complete sanctions program: in March the G7 and EU will certainly ban Russian gems that have actually been cut and fine-tuned abroad. In September they will definitely introduce a license plan to verify where gemstones were unearthed. These actions add up to the most significant adjustment to the business in decades. Why has it taken as long to impose decrees on Russia's gemstone market-- and also what influence will they have?