.RUSSIA'S gemstone industry is actually under the gun. On January 1st the G7, a group of abundant countries, and the European Association banned bring ins of harsh gemstones unearthed in Russia-- a 3rd of the overall drawn out worldwide in 2022. On January 3rd the EU included Russia's condition exploration firm, and also its own leader, to its sanctions listing. This is the initial stage of an extensive sanctions plan: in March the G7 as well as EU will certainly ban Russian gems that have actually been actually cut and also polished abroad. In September they will certainly introduce a certification scheme to validate where precious stones were actually unearthed. These steps add up to the biggest modification to your business in decades. Why possesses it taken as long to establish decrees on Russia's gemstone business-- and what influence will they possess?