.RUSSIA'S ruby sector is under pressure. On January first the G7, a team of abundant countries, and the European Alliance outlawed bring ins of rugged gemstones mined in Russia-- a 3rd of the total drawn out worldwide in 2022. On January 3rd the EU included Russia's condition exploration business, and also its chief executive, to its decrees checklist. This is actually the initial phase of a thorough decrees scheme: in March the G7 as well as EU will ban Russian treasures that have been actually cut as well as polished abroad. In September they will definitely introduce an accreditation program to verify where rubies were actually mined. These actions add up to the largest change to business in years. Why has it taken such a long time to impose injunctions on Russia's ruby sector-- and what effect will they have?