.RUSSIA'S ruby industry is under pressure. On January 1st the G7, a team of rich nations, and also the European Union prohibited imports of rugged precious stones mined in Russia-- a 3rd of the complete removed worldwide in 2022. On January 3rd the EU included Russia's state exploration firm, and its ceo, to its injunctions listing. This is the 1st phase of an extensive decrees plan: in March the G7 and EU are going to prohibit Russian gems that have been actually reduced as well as fine-tuned abroad. In September they will launch a certification program to confirm where rubies were actually unearthed. These procedures add up to the biggest improvement to business in years. Why possesses it taken so long to enforce decrees on Russia's gemstone industry-- and also what influence will they possess?