.RUSSIA'S precious stone market is under pressure. On January first the G7, a team of rich nations, and the European Union disallowed imports of harsh rubies mined in Russia-- a 3rd of the overall extracted worldwide in 2022. On January 3rd the EU included Russia's state mining company, as well as its president, to its injunctions list. This is the initial stage of a thorough penalties program: in March the G7 and EU will definitely ban Russian jewels that have been reduced and fine-tuned abroad. In September they will introduce a license program to confirm where rubies were mined. These steps add up to the most significant change to business in years. Why has it taken as long to impose decrees on Russia's gemstone sector-- as well as what impact will they possess?