.RUSSIA'S DIAMOND business is under pressure. On January 1st the G7, a team of wealthy nations, as well as the European Alliance banned imports of tough diamonds unearthed in Russia-- a 3rd of the total drawn out worldwide in 2022. On January 3rd the EU added Russia's condition exploration company, as well as its leader, to its own penalties list. This is actually the 1st period of a complete decrees plan: in March the G7 as well as EU are going to prohibit Russian jewels that have actually been cut and also polished abroad. In September they are going to present a certification scheme to validate where precious stones were actually mined. These steps amount to the most significant improvement to your business in many years. Why has it taken so long to impose sanctions on Russia's gemstone business-- as well as what influence will they have?