.RUSSIA'S precious stone field is under the gun. On January 1st the G7, a team of rich nations, and the European Alliance prohibited imports of harsh diamonds unearthed in Russia-- a third of the overall removed worldwide in 2022. On January 3rd the EU included Russia's condition mining firm, and also its own leader, to its sanctions checklist. This is the very first phase of a detailed injunctions plan: in March the G7 and EU will certainly outlaw Russian jewels that have actually been actually cut and polished abroad. In September they will definitely launch an accreditation scheme to verify where diamonds were mined. These measures add up to the greatest adjustment to the business in many years. Why possesses it taken as long to establish injunctions on Russia's precious stone market-- as well as what effect will they possess?