.RUSSIA'S DIAMOND field is actually under pressure. On January 1st the G7, a group of abundant nations, and also the European Association disallowed bring ins of rough gemstones mined in Russia-- a 3rd of the total removed worldwide in 2022. On January 3rd the EU included Russia's condition exploration business, and its president, to its decrees checklist. This is actually the very first period of a detailed decrees plan: in March the G7 and EU are going to disallow Russian treasures that have actually been actually reduced as well as perfected abroad. In September they will certainly introduce a qualification plan to validate where rubies were actually mined. These procedures add up to the biggest adjustment to business in years. Why possesses it taken such a long time to enforce sanctions on Russia's ruby field-- and what effect will they have?