.RUSSIA'S DIAMOND field is under pressure. On January 1st the G7, a group of wealthy countries, and the European Alliance disallowed imports of rough precious stones extracted in Russia-- a 3rd of the total removed worldwide in 2022. On January 3rd the EU included Russia's condition mining business, and also its ceo, to its injunctions list. This is actually the 1st period of a detailed injunctions program: in March the G7 and also EU will outlaw Russian gems that have been actually reduced and fine-tuned abroad. In September they will definitely offer a qualification plan to verify where gemstones were mined. These solutions add up to the largest adjustment to business in decades. Why possesses it taken so long to enforce penalties on Russia's diamond industry-- and what effect will they have?