.RUSSIA'S ruby industry is struggling. On January 1st the G7, a group of abundant nations, and also the European Alliance banned bring ins of tough gemstones mined in Russia-- a third of the total removed worldwide in 2022. On January 3rd the EU added Russia's state mining firm, and also its own ceo, to its sanctions checklist. This is the initial phase of a complete injunctions scheme: in March the G7 as well as EU will definitely prohibit Russian treasures that have actually been actually reduced as well as polished abroad. In September they will definitely present an accreditation system to verify where gemstones were extracted. These procedures add up to the biggest change to business in decades. Why has it taken as long to enforce decrees on Russia's gemstone industry-- and also what effect will they have?