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Adrian Cheng, one of the executive directors of Chow Tai Fook, invested in the e-commerce company.
Both the federal Consumer Financial Protection Bureau and the New York state attorney general are looking into them.
Total sales in the region also were up 1 percent, bolstered by a strong performance from the fashion jewelry segment.
This exceeded the National Retail Federation’s expectations, as consumers took advantage of deals and good weather.
The retail chain blamed it on weak retail sales in Canada and renovations to two flagship stores.
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.