.RUSSIA'S gemstone business is actually struggling. On January first the G7, a group of wealthy nations, as well as the European Association prohibited imports of harsh gemstones extracted in Russia-- a 3rd of the overall extracted worldwide in 2022. On January 3rd the EU added Russia's state mining company, as well as its own leader, to its sanctions checklist. This is actually the very first period of a thorough penalties system: in March the G7 and EU are going to disallow Russian gems that have actually been cut and refined abroad. In September they are going to introduce a license plan to validate where gemstones were unearthed. These solutions amount to the greatest improvement to the business in many years. Why possesses it taken such a long time to enforce injunctions on Russia's gemstone field-- and what effect will they have?