.RUSSIA'S DIAMOND industry is actually under the gun. On January 1st the G7, a group of abundant countries, and also the European Alliance prohibited imports of rugged rubies mined in Russia-- a third of the total extracted worldwide in 2022. On January 3rd the EU incorporated Russia's state exploration business, and its ceo, to its own decrees list. This is actually the very first period of a thorough decrees system: in March the G7 as well as EU will definitely disallow Russian treasures that have actually been cut and also perfected abroad. In September they will offer a qualification plan to verify where rubies were unearthed. These actions amount to the biggest adjustment to business in many years. Why has it taken as long to enforce sanctions on Russia's ruby industry-- and what influence will they have?