.RUSSIA'S DIAMOND market is under the gun. On January 1st the G7, a team of rich nations, and the European Association prohibited imports of tough diamonds mined in Russia-- a 3rd of the complete extracted worldwide in 2022. On January 3rd the EU incorporated Russia's state exploration business, and also its own leader, to its own decrees listing. This is actually the initial phase of a comprehensive injunctions program: in March the G7 as well as EU are going to disallow Russian treasures that have actually been actually reduced as well as polished abroad. In September they will definitely present a certification scheme to verify where precious stones were actually unearthed. These solutions add up to the most significant improvement to business in decades. Why has it taken such a long time to enforce penalties on Russia's gemstone business-- as well as what impact will they have?