The decline in the number of active US jewelry companies decelerated in the second quarter, according to the latest data from JBT.

Swatch expects business in China to pick up as it recorded a slight improvement in orders from retailers looking to refill purchased stock.

US retail sales rose in June as consumers started back-to-school shopping early. Revenue up 0.6% from previous month to $720.1 billion.

Luk Fook plans to expand its diamond-jewelry offering after paring it back over the past year and a half, following an upswing in sales.

Burgundy Diamond Mines will suspend operations at one of the two active pits at its Ekati mine in Canada and let go of hundreds of workers.