Diamond industry disputes mostly resolve before formal arbitration. [fact]
Around 150 disputes per year are submitted to the DDC's arbitration system. Of these, an estimated 85 percent are settled during the mandatory prearbitration conciliation procedure. Although there has been a slight increase in the number of arbitrations in recent years, this is attributed primarily to the increase in club membership and not to a deterioration of trade ethics.
Lisa Bernestein, Opting out of the Legal Sys…, loc. 69