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.

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