1. Introduction : Introduce the topic by summarizing Canada's announcement of sanctions on Russian diamonds and jewelry in coordination with G7 partners. Mention the source of this news.
  2. Background on the Diamond Industry and Sanctions : Provide a brief history of the diamond industry in Russia, its global significance, and previous instances of sanctions impacting this sector.
  3. Details of the Canadian Sanctions : Describe the specific nature of the sanctions, quoting Canadian Foreign Minister Melanie Joly and detailing the objectives of these measures.
  4. G7's Role and International Coordination : Explain the role of the G7 in these sanctions, the collective approach, and the deadline set for the implementation of restrictions.
  5. European Union's Stance : Discuss the European Union's position and its intention to introduce similar sanctions, waiting for G7's decision to understand the mechanism of the ban.
  6. Belgium's Discussion with the G7 : Highlight Belgium's role in these discussions, given Antwerp's status as a major global diamond trading center.
  7. Economic Impact on Russia : Analyze the potential economic impact of these sanctions on Russia, including estimates of the revenue generated from diamond and gemstone exports.
  8. The 'Diamond Dilemma' of the European Union : Delve into the challenges faced by the EU in implementing these sanctions, including the complexity of the diamond trade and certification processes.
  9. Global and Domestic Reactions : Report on reactions from various countries, the diamond industry, and political analysts, including perspectives from both supporters and critics of the sanctions.
  10. Conclusion : Summarize the key points and speculate on the potential long-term effects of these sanctions on international relations, the diamond industry, and the ongoing conflict between Russia and Ukraine.
  11. References and Further Reading : List sources and recommend further reading for readers interested in more detailed information on the topic.