.RUSSIA'S DIAMOND sector is under pressure. On January first the G7, a team of wealthy countries, as well as the European Union prohibited imports of rugged diamonds mined in Russia-- a 3rd of the complete drawn out worldwide in 2022. On January 3rd the EU included Russia's state mining provider, and also its own ceo, to its penalties list. This is actually the very first period of a complete injunctions plan: in March the G7 and also EU will outlaw Russian treasures that have actually been reduced and refined abroad. In September they will present a qualification plan to confirm where diamonds were unearthed. These solutions add up to the greatest improvement to the business in years. Why has it taken such a long time to enforce sanctions on Russia's gemstone sector-- and also what impact will they have?