.RUSSIA'S ruby business is actually struggling. On January 1st the G7, a group of abundant countries, and the European Union outlawed bring ins of harsh precious stones unearthed in Russia-- a third of the complete removed worldwide in 2022. On January 3rd the EU added Russia's condition exploration company, and also its own president, to its own decrees list. This is the initial stage of an extensive sanctions plan: in March the G7 as well as EU will definitely ban Russian gems that have been cut as well as perfected abroad. In September they will introduce an accreditation program to validate where gemstones were actually extracted. These measures amount to the most significant change to your business in years. Why has it taken so long to impose penalties on Russia's diamond business-- and what impact will they have?