.RUSSIA'S gemstone market is under pressure. On January first the G7, a group of rich countries, and also the European Association prohibited bring ins of rugged rubies extracted in Russia-- a third of the total extracted worldwide in 2022. On January 3rd the EU incorporated Russia's condition exploration company, and its own leader, to its decrees listing. This is actually the 1st period of a detailed penalties program: in March the G7 and EU will definitely outlaw Russian treasures that have been actually reduced and refined abroad. In September they will launch a qualification system to confirm where rubies were extracted. These steps amount to the largest improvement to the business in many years. Why has it taken as long to enforce decrees on Russia's gemstone industry-- as well as what effect will they have?