.RUSSIA'S ruby sector is actually under the gun. On January first the G7, a group of abundant countries, and the European Association outlawed imports of rugged gemstones extracted in Russia-- a 3rd of the total extracted worldwide in 2022. On January 3rd the EU incorporated Russia's condition mining firm, and its own leader, to its own penalties list. This is the initial period of an extensive decrees scheme: in March the G7 as well as EU will definitely prohibit Russian jewels that have been cut and perfected abroad. In September they will definitely launch a certification plan to verify where precious stones were extracted. These steps amount to the biggest change to business in many years. Why has it taken such a long time to establish decrees on Russia's precious stone business-- as well as what effect will they have?