Color Palette:

1. Color Name: "Crimson Red"
   Hex Code: 
                            
                            #DC143C
                        
   Palette Description: This vibrant and intense red shade resembles the rich color of freshly bloomed roses. It adds a bold and fiery touch to any yarn knits or crochet projects, creating a high contrast against lighter shades.

2. Color Name: "Goldenrod"
   Hex Code: 
                            
                            #DAA520
                        
   Palette Description: This warm, golden yellow hue brings a touch of sunshine to your yarn projects. It pairs beautifully with the crimson red, creating a striking contrast that adds depth and visual interest.

3. Color Name: "Midnight Blue"
   Hex Code: 
                            
                            #191970
                        
   Palette Description: A deep and dark shade of blue, similar to the night sky, adds an elegant and mysterious element to your yarn knits or crochet work. It complements the vibrant red and golden yellow, creating a captivating contrast.

4. Color Name: "Snow White"
   Hex Code: 
                            
                            #FFFFFF
                        
   Palette Description: This pure and bright white color acts as a neutral base, allowing the other vibrant colors to pop. It provides a clean and crisp contrast against the darker shades, enhancing the overall high contrast effect of your yarn projects.

5. Color Name: "Jet Black"
   Hex Code: 
                            
                            #000000
                        
   Palette Description: This deep and intense black shade brings a sense of sophistication and drama to your yarn knits or crochet creations. It acts as a strong contrast against the lighter shades and adds depth and dimension to your overall color palette.

Overall Palette Description: This high contrast color palette combines the boldness of crimson red and golden yellow with the depth of midnight blue and the neutrality of snow white and jet black. The combination creates a visually stunning effect, adding vibrancy, elegance, and a touch of mystery to your yarn knits or crochet projects.