.RUSSIA'S gemstone market is under the gun. On January first the G7, a group of wealthy nations, and the European Association disallowed imports of harsh precious stones mined in Russia-- a 3rd of the overall removed worldwide in 2022. On January 3rd the EU included Russia's condition exploration firm, and its own president, to its own injunctions list. This is actually the very first stage of an extensive injunctions plan: in March the G7 and EU will definitely disallow Russian treasures that have been actually cut and also polished abroad. In September they will introduce a certification system to verify where rubies were actually mined. These actions amount to the biggest modification to your business in many years. Why possesses it taken such a long time to enforce sanctions on Russia's ruby field-- as well as what influence will they have?