Logo for a fashion label

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This customer received 277 logo designs from 76 designers. They chose this logo design from MARVELDESIGNS as the winning design.
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Logo Design Brief
We need a logo for a fashion label called "Cherry Burgundy" based in New York. Our product is pencil skirts for women - very fashion forward, but classy and high-end. The final logo design should be sleek, simple, modern. Even though there's a word "cherry" in the label, we don't want to include a cherry image in the logo. We don't want too many colours, if any.
Updates
Project Deadline Extended
Added Friday, October 25, 2013
Project Deadline Extended
Added Tuesday, November 05, 2013
Project Deadline Extended
Added Thursday, November 14, 2013
I have posted a new picture. I really love the "C" and "B" symbol, you can re-create it, that's fine. However, I'm flexible on the font - I would like to see some options.
Added Thursday, November 14, 2013
Project Deadline Extended
Added Tuesday, November 19, 2013
Target Market(s)
Women between 23 to 35
Industry/Entity Type
Fashion
Logo Text
Cherry Burgundy
Look and feel
Each slider illustrates characteristics of the customer's brand and the style your logo design should communicate.