Design an exquisite black and white logo for Paradise Palette that embodies the essence of luxury and sophistication. Draw inspiration from the iconic aesthetics of Hermes, Versace, and Burberry to craft a timeless emblem that radiates elegance. Capture the brand's identity by reflecting its commitment to delivering excellence. Utilize subtle and classic lighting to evoke a sense of refinement and prestige. The final artwork should showcase the brand's elegance while adhering to the simplicity of black and white aesthetics.