.RUSSIA'S ruby sector is under pressure. On January 1st the G7, a group of rich nations, and also the European Alliance outlawed imports of harsh rubies mined in Russia-- a third of the complete extracted worldwide in 2022. On January 3rd the EU added Russia's state exploration company, and also its ceo, to its own penalties listing. This is the initial stage of an extensive decrees system: in March the G7 as well as EU are going to prohibit Russian gems that have been actually reduced as well as fine-tuned abroad. In September they will definitely launch a qualification scheme to confirm where precious stones were mined. These measures amount to the biggest improvement to your business in decades. Why possesses it taken so long to establish injunctions on Russia's ruby industry-- and what influence will they have?