.RUSSIA'S gemstone industry is actually under the gun. On January 1st the G7, a team of rich nations, and also the European Alliance outlawed bring ins of tough gemstones mined in Russia-- a 3rd of the overall extracted worldwide in 2022. On January 3rd the EU added Russia's state exploration company, and its ceo, to its own sanctions list. This is the 1st period of a comprehensive injunctions plan: in March the G7 and EU will prohibit Russian gems that have actually been reduced and also refined abroad. In September they are going to present an accreditation system to verify where gemstones were actually mined. These procedures amount to the biggest change to the business in many years. Why has it taken so long to establish injunctions on Russia's gemstone sector-- and also what influence will they have?