Tone style transfer for photo retouching aims to adapt the stylistic tone of the reference image to a given content image. However, the lack of high-quality large-scale triplet datasets with stylized ground truth forces existing methods to rely on self-supervised or proxy objectives, which limits model capability. To mitigate this gap, we design a data construction pipeline to build TST100K, a large-scale dataset of 100,000 content-reference-stylized triplets. At the core of this pipeline, we train a tone style scorer to ensure strict stylistic consistency for each triplet. In addition, existing methods typically extract content and reference features independently and then fuse them in a decoder, which may cause semantic loss and lead to inappropriate color transfer and degraded visual aesthetics. Instead, we propose ICTone, a diffusion-based framework that performs tone transfer in an in-context manner by jointly conditioning on both images, leveraging the semantic priors of generative models for semantic-aware transfer. Reward feedback learning using the tone style scorer is further incorporated to improve stylistic fidelity and visual quality. Experiments demonstrate the effectiveness of TST100K, and ICTone achieves state-of-the-art performance on both quantitative metrics and human evaluations.