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Garnry: Why Tiffany continues to sparkle

While the luxury goods sector has had a volatile few months, Tiffany has enjoyed a golden year. The company, best known for its jewellery, publishes its 3rd quarter results this Tuesday. Saxo's Peter Garnry expects them to beat estimates - which it's done in five out of the last six quarters.

Garnry says Tiffany has been one of the best performing stocks in the luxury goods sector. That's against a backdrop of a 10% fall in the share price across the industry. He says jewellery is still in demand because many of the products are still affordable.

Although slower growth in Asia and sanctions in Russia have negatively impacted the sector, Garnry believes it is still worth investing in. As economies in emerging markets improve, so too will the luxury goods market. He also says that many of them have a high return on investor capital.

03:01 minutes
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