Color Palette:
1. Color Name: Royal Blue
   Hex Code: 
                            
                            #4169E1
                        
   Description: A deep and rich blue color resembling the color of royalty.

2. Color Name: Teal
   Hex Code: 
                            
                            #008080
                        
   Description: A greenish-blue color with a hint of sophistication and calmness.

3. Color Name: Coral
   Hex Code: 
                            
                            #FF7F50
                        
   Description: A warm and vibrant shade of orange with pink undertones.

4. Color Name: Gold
   Hex Code: 
                            
                            #FFD700
                        
   Description: A luxurious and shiny golden color symbolizing wealth and success.

5. Color Name: Emerald
   Hex Code: 
                            
                            #50C878
                        
   Description: A bright and elegant shade of green reminiscent of the precious gemstone.

6. Color Name: Lavender
   Hex Code: 
                            
                            #E6E6FA
                        
   Description: A soft and soothing shade of purple with a touch of femininity.

7. Color Name: Slate Gray
   Hex Code: 
                            
                            #708090
                        
   Description: A cool and neutral gray color resembling the hue of slate rock.

8. Color Name: Peach
   Hex Code: 
                            
                            #FFE5B4
                        
   Description: A warm and delicate shade of orange with a soft pink undertone.