Well, if you remove "pre" from "прекрасно", you get "red-colored", so it doesn't quite work here. (Actually, it would make the first part of the sentence a bit too literal.)
"прекрасно" consists of two parts : "пре" ("very" here) and "краса" ("beauty") in Russian so it is pretty close etymologically to English beautiful. Slightly different connotation in this particular case but still close enough.