.RUSSIA'S gemstone field is under pressure. On January first the G7, a team of abundant nations, and the European Union outlawed bring ins of rough diamonds extracted in Russia-- a third of the overall extracted worldwide in 2022. On January 3rd the EU included Russia's condition exploration business, and also its chief executive, to its decrees checklist. This is actually the first stage of a thorough decrees plan: in March the G7 as well as EU will definitely prohibit Russian treasures that have been cut as well as fine-tuned abroad. In September they will certainly introduce a certification program to verify where diamonds were actually unearthed. These solutions amount to the most significant improvement to the business in many years. Why possesses it taken such a long time to enforce decrees on Russia's diamond industry-- and also what effect will they possess?