.RUSSIA'S DIAMOND market is actually under pressure. On January 1st the G7, a team of rich nations, as well as the European Association banned imports of tough gemstones mined in Russia-- a third of the complete drawn out worldwide in 2022. On January 3rd the EU added Russia's condition exploration firm, and its own leader, to its injunctions checklist. This is the very first stage of a thorough sanctions system: in March the G7 and EU are going to ban Russian gems that have been actually reduced and also polished abroad. In September they are going to present a qualification program to confirm where diamonds were actually unearthed. These steps amount to the most significant adjustment to the business in many years. Why possesses it taken as long to enforce decrees on Russia's diamond field-- as well as what effect will they have?