Initializes a new ColorEdit class instance with default settings.
The constructor creates a new instance of the ColorEdit class and initializes its properties to their default values. After the editor is created, you can use its ColorEdit.Properties property to customize the editor's look, feel and behavior.
In order to create editors as inplace controls, you should create corresponding repository items. For instance, to create a color editor for in-place editing (for use in the Grid Control or other DevExpress container controls)., you need to create a RepositoryItemColorEdit object and assign it to a specific column.