Walter Diemer accountant by trade, Diemer liked to experiment with gum recipes in his spare time. In doing so, he accidentally stumbled upon a unique recipe. The gum was pink because it was the only food coloring in the factory, which is the reason most bubble gum today is pink. Compared to standard chewing gum, the gum was less sticky, would not stick to the face, and yet stretched more easily. Diemer saw the possibilities, and using a salt water taffy wrapping machine, wrapped one hundred pieces of his creation to test market in a local mom-and-pop candy store. Priced at one
The Pink Panther derives its name from the eponymous pink diamond that has an enormous size and value. The diamond is called the "Pink Panther" because the flaw at its center, when viewed closely, is said to resemble a leaping pink panther. The phrase reappears in the title of the fourth film "The Return of the Pink Panther", in which the theft of the diamond is again the centre of the plot. The phrase was used for all the subsequent films in the series, even when the jewel did not figure in the plot. It ultimately appeared in six of the eleven films.