A hardwood dealer had a stack of lumber advertised as Brazilian Cherry. There was a quarter-sawn 8/4 piece that was 4 1/2" wide and 6 feet long. He was asking $3.00 per linear foot so I took a chance. The wood is extremely dense, beautifully colored with a straight grain. By edge jointing, resawing and surface planing - I was able to get a good number of 3/8" thick stock for plaques.
The wood's only shared trait with Cherry is its color and is actually called Jatoba wood. It cuts cleanly and takes Watco oil beautifully. The only draw back is it dulls the Flying Dutchman #1 UR blades very quickly requiring frequent blade changes. The wood is so hard, it actually has a distinctly different sound when you are cutting it.
I cut a second Dala Horse plaque, this time for my wife, and decided to try the Jatoba. Here's a picture of the work-in-progress - Jatoba plaque with the oak backing that will be attached after I spray the background black. The Jatoba has a single coat of Watco in this picture.