.RUSSIA'S DIAMOND market is actually under the gun. On January first the G7, a team of wealthy nations, and the European Association disallowed imports of harsh precious stones extracted in Russia-- a 3rd of the complete drawn out worldwide in 2022. On January 3rd the EU incorporated Russia's state mining company, and its ceo, to its own decrees checklist. This is actually the initial period of a comprehensive penalties scheme: in March the G7 as well as EU are going to prohibit Russian jewels that have been actually reduced and also perfected abroad. In September they will introduce an accreditation program to verify where precious stones were actually unearthed. These actions amount to the largest modification to your business in many years. Why has it taken as long to enforce decrees on Russia's gemstone business-- and what effect will they have?