.RUSSIA'S gemstone business is struggling. On January first the G7, a team of abundant countries, and the European Alliance outlawed imports of rugged rubies extracted in Russia-- a 3rd of the total drawn out worldwide in 2022. On January 3rd the EU added Russia's state exploration company, and its own chief executive, to its own sanctions listing. This is actually the initial period of a comprehensive penalties plan: in March the G7 as well as EU will certainly outlaw Russian jewels that have been cut as well as polished abroad. In September they will launch a qualification program to verify where diamonds were mined. These solutions amount to the greatest improvement to the business in decades. Why has it taken as long to establish penalties on Russia's gemstone sector-- and what effect will they have?