.RUSSIA'S ruby field is under pressure. On January 1st the G7, a team of abundant countries, and also the European Union disallowed imports of harsh precious stones extracted in Russia-- a third of the total extracted worldwide in 2022. On January 3rd the EU included Russia's state mining provider, and also its own president, to its decrees list. This is actually the 1st stage of a comprehensive decrees program: in March the G7 as well as EU will certainly outlaw Russian gems that have actually been actually reduced and also polished abroad. In September they will certainly present a qualification scheme to confirm where gemstones were mined. These actions amount to the biggest improvement to the business in many years. Why has it taken as long to enforce injunctions on Russia's precious stone market-- as well as what impact will they have?