Pantone have just revealed their colour of the year for 2014. It's this rosy lilac or purple with a dash of red and it's called Radiant Orchid.
The HTML value or hex code for Radiant Orchid is B163A3 and you can find more colour formulas and guides on Pantone's web site.
A Seductive Palette and a Contrasting Palette
I put together two colour palettes to go with Pantone's 2014 Color: Radiant Orchid. First a seductive palette with red, lavender, purple and pink. Then a more contrasted palette combining Radiant Orchid with olive, hunter green, teal and light yellow.