.RUSSIA'S DIAMOND sector is actually under pressure. On January 1st the G7, a team of abundant nations, as well as the European Union prohibited imports of harsh gemstones unearthed in Russia-- a third of the total extracted worldwide in 2022. On January 3rd the EU included Russia's condition exploration firm, as well as its own president, to its decrees listing. This is the 1st phase of an extensive decrees program: in March the G7 and EU are going to outlaw Russian treasures that have been reduced and polished abroad. In September they are going to introduce an accreditation system to confirm where rubies were actually extracted. These solutions add up to the biggest improvement to business in many years. Why possesses it taken as long to enforce decrees on Russia's gemstone industry-- and what effect will they possess?