.RUSSIA'S DIAMOND market is under pressure. On January 1st the G7, a group of rich nations, and the European Union outlawed bring ins of rough diamonds mined in Russia-- a 3rd of the overall drawn out worldwide in 2022. On January 3rd the EU included Russia's state exploration company, and its leader, to its own penalties list. This is the initial period of a comprehensive decrees system: in March the G7 and also EU are going to disallow Russian jewels that have been actually reduced and polished abroad. In September they will certainly introduce a license program to confirm where rubies were mined. These procedures add up to the greatest change to your business in many years. Why has it taken so long to impose injunctions on Russia's gemstone field-- and what influence will they have?