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It's bold, imaginative and blooming with energy, but most importantly, it's the Pantone Color of the Year, making Radiant Orchid the official shade of fashionistas and trendsetters in 2014. Influencing the latest styles, Pantone selects a new color each year that subsequently pops up in the works of top interior decorators, fashion designers, florists and the like. Vibrant yet versatile, this eye-catching hue of purple and fuchsia has burst on the scene to liven up any room, outfit or beauty collection. Keep an eye out and you'll notice it being worn by those in the know, so if you're looking for a little inspiration, here are a few of our favorite ways to rock Radiant Orchid in 2014!

The beautiful thing about Radiant Orchid is it works just as well in the board room as it does at social functions, as exemplified by the Stefano Ricci Micro-Diamond Stripe tie. Without lacking formality, the sophisticated neckwear is emblazoned with three Swarovski crystals while emanating an exuberant and confident disposition, making it the perfect Radiant Orchid accessory for him in 2014.

For many of us, it's almost time to reclaim the outdoor living area and if you're looking to add a splash of color to your poolside patio, the Roche Bobois Corolle Armchair is screaming your name. Envisioned by French designer Maurice Marty, the outdoor furniture offers a très chic touch of Radiant Orchid when it's time to have some fun in the sun.

Give your tablet a high-fashion makeover with the Marc by Marc Jacobs Rue iPad Case. Featuring an image of "Rue the Cat" on the back, the renowned fashion house is no stranger to the latest trends and this Radiant Orchid case is a testament to just that. Kill two birds with one cat (er — stone!) and keep your iPad safe and stylish.

Exceeding style only in comfort, the Frette Tangeri Pizzo Bath Towel is posh, plush and luxurious to boot. Made in Italy from ultra-absorbent terry cotton, the orchid towel set radiates elegance with a flower petal macramé lace and cotton sateen trim.

If you want today's hottest shade for your pair of shades, feast your eyes on the Erdem Metal-Trimmed Round Sunglasses and give the world around you a vibrant hue. The iconic frames sport Radiant Orchid lenses, 100% UV protection and, naturally, keep you in vogue all at the same time.

Of course we can't talk about color without talking about lipstick. A modern shade that complements any number of hair, eye and skin tones, Sephora and Pantone Universe have teamed up to create the limited-edition Radiant Rush Matte Lipstick. Let your lips speak volumes with the sleek, matte satin finish infused with orchid essence for a vivacious look that will give you the trendiest smile in town.

Barneys New York recently partnered with Pantone Colorwear to create the unofficial bathing suit of the year: Classic Sport Shorts – Radiant Orchid. Ideal for those coming days on the water, these trendy trunks were designed specifically for those who want nothing but the latest and greatest this beach season.

Now that you've got the low-down on this year's hottest color, it's time to get out there and flaunt some Radiant Orchid!