1. Define project labels with different icons and colors.
2. Create a task, a mockup, or any object with a "Projects" field.

EXPECTED

Project labels have different icons and colors.

ACTUALLY

The icons are kept, but for some reason all labels are blue.

A trivial technical problem that breaks nothing, but a noticeable usability problem especially when you are giving some meaning to those colors (as we do in Wikimedia).

PS: this probably happens always in Projects fields, not just when creating objects.