Pink is the new orange?

I had a Cara Cara pink orange this morning. Really tasty, and I recommend them wholeheartedly. But it does raise some questions.

1) If it is pink, can we still call it an orange?
2) If the new orange is pink and orange is the new black, does this mean by the principle of transivity* that pink is the new black?

* In logic,  a relation between three elements such that if it holds between the first and second and it also holds between the second and third it must necessarily hold between the first and third: If A is bigger that B, and B is bigger than C, then A is bigger than C.

And if you think Sheldon Cooper would not have immediately wondered about this, you don't know Sheldon.