.RUSSIA'S gemstone business is under pressure. On January first the G7, a team of rich nations, and the European Alliance banned imports of rough precious stones unearthed in Russia-- a third of the total extracted worldwide in 2022. On January 3rd the EU included Russia's state exploration firm, and also its own chief executive, to its decrees listing. This is the initial stage of a detailed injunctions system: in March the G7 as well as EU will certainly ban Russian treasures that have been cut and also refined abroad. In September they will certainly launch a license scheme to confirm where rubies were actually extracted. These actions amount to the largest adjustment to your business in years. Why has it taken such a long time to enforce injunctions on Russia's ruby business-- and what impact will they have?