.RUSSIA'S ruby sector is under the gun. On January first the G7, a group of wealthy nations, and the European Association prohibited bring ins of harsh diamonds extracted in Russia-- a third of the total removed worldwide in 2022. On January 3rd the EU included Russia's condition mining firm, as well as its own chief executive, to its injunctions list. This is actually the first stage of a thorough decrees system: in March the G7 and EU will certainly prohibit Russian gems that have actually been reduced and also polished abroad. In September they will launch a certification plan to validate where diamonds were extracted. These steps amount to the most significant change to business in many years. Why has it taken so long to impose penalties on Russia's ruby field-- and also what influence will they have?