ΔE 14.3, fair: the same colour family, but not a straight swap. Velvet Red is a little darker, more muted, warmer than Glorious Magenta.
Only where an exact match doesn’t matter, such as a new unit or a highlight. Fair match (ΔE 14). Velvet Red is a little darker, more muted, warmer than Glorious Magenta.
The same difference applies the other way round: Glorious Magenta is a little lighter, more saturated, cooler.
ΔE is the colour difference between our two swatch estimates: under about 6 is close, over about 15 is loose. Real paints also differ in finish, coverage and how they thin, so test before you commit.
See Glorious Magenta on the colour wheel See Velvet Red on the colour wheel
All matches: Glorious Magenta equivalents · Velvet Red equivalents