The Diamond Dealers Club (DDC) of New York is expanding its arbitration services and is to offer help to members in settling disputes with non-members. Members will be able to put an acceptable arbitration clause into their memos, invoices, and letterheads, the DDC said.
“DDC arbitration is faster and cheaper than the court system,” said DDC President Reuven Kaufman. “DDC arbitrators are experienced members of the industry, which is especially important given the uniqueness of the diamond and jewelry trade. Through this new initiative, we will be able to bring the advantages of DDC arbitration to a wider range of cases.”