(Reuters) -Estee Lauder lowered its annual organic sales estimate on persistent softness in mainland China's prestige beauty space, even as a demand rebound in the U.S. and Asia-Pacific markets drove a profit forecast raise. A pick-up in China demand after several quarters of weakness underscored customer willingness to splurge on "affordable luxuries" such as fragrances and make-up products. Third-quarter organic net sales in the Americas grew 1%, with a 3% rise in the Asia Pacific region. Read this story