.RUSSIA'S ruby industry is struggling. On January first the G7, a group of rich nations, and also the European Alliance banned imports of rough rubies mined in Russia-- a third of the total removed worldwide in 2022. On January 3rd the EU incorporated Russia's condition exploration business, and also its own president, to its sanctions list. This is the initial period of an extensive injunctions scheme: in March the G7 as well as EU are going to outlaw Russian gems that have been actually reduced as well as perfected abroad. In September they will certainly introduce a qualification plan to validate where rubies were mined. These steps amount to the most significant modification to your business in many years. Why has it taken so long to enforce decrees on Russia's gemstone field-- and what influence will they possess?