.RUSSIA'S DIAMOND market is actually struggling. On January first the G7, a team of rich countries, and the European Alliance outlawed bring ins of rugged diamonds extracted in Russia-- a 3rd of the complete drawn out worldwide in 2022. On January 3rd the EU incorporated Russia's condition mining company, and also its leader, to its sanctions list. This is the first period of a complete penalties scheme: in March the G7 and EU will definitely outlaw Russian treasures that have actually been cut and also refined abroad. In September they are going to present an accreditation system to verify where diamonds were actually mined. These actions add up to the most significant improvement to business in decades. Why has it taken so long to enforce penalties on Russia's precious stone field-- and also what influence will they have?