Cocobolo (Dalbergia retusa), comes from Central America and southern Mexico. It is closely related to Brazilian Rosewood, and has many technical similarities. In fact, Cocobolo is often used for the same purposes as Brazilian rosewood.
Cocobolo heartwood contains reds, yellows, and oranges with dark streaking. The wood can also produce a "cinnamon-like" aroma when machining. The fine dust generated when machining has been known to produce an allergic reaction in some individuals. The reaction is generally a rash that resembles a poison ivy rash. A good sawdust collection system is highly recommended when machining Cocobolo.