Above: Tarte Treasure Chest Tier 2 matte eyeshadows
Section A column 1 top to bottom: peachy nude; dark charcoal gray; pinky peach; milk chocolate brown.
Section A column 2 top to bottom: light grayish taupe; peachy beige; navy blue; brownish beige
Section B column 1: light peachy pink; lilac; warm heather gray; forest green
Section B column 2: nudy brown; reddish brown; white; dark gray
My first thoughts for the matte eyeshadows are that they are soft but I find that it lacks colour diversity, especially between the browns. It is nice that the mattes have a lot of neutrals and several fun colours such as purple, blue and green; however, I find all the neutrals very similar. I have a hard time distinguishing between all the peaches, grays and browns. The neutrals are in the same general colour family and the only difference is that they are either a bit lighter or darker than one another.

Section A column 1 colours from left to right:
Peachy nude: This colour looks fairly pastel on my skin. The colour is light but it is nicely pigmented and opaque. I think this would be a nice highlighting colour.
Dark charcoal: In the pan this looks like a chocolate brown, but it is a dark gray colour with some brown in it. This colour is pigmented and opaque.
Peachy pink: This colour is light and a bit sheer. It reminds of a lighter, sheerer and matte version of MAC Paradisco.
Milk chocolate: This is a light brown that looks like chocolate milk. It is decently pigmented and opaque.

Section A column 2 left to right:
Light grayish taupe: In the pan, I thought this is a light beige colour, but on my skin it is a very light gray with pinkish brown tones in it. This colour has a soft satiny sheen to it. This colour has very light pigmentation and is a bit sheer.
Peachy beige: This is a very light and sheer colour. It reminds me of MAC’s Kid eyeshadow, except that this colour has very weak pigmentation and goes on sheer. I have a difficult time building up the opacity.
Navy blue: This is a dark matte blue. I find this to be a bit sheer and the texture a bit chalky.
Brownish beige: This colour is a medium brown colour with decent pigmentation and opacity. It looks a bit golden to me. The colour has a soft satiny sheen to it.

Section B column 1:
Light peachy pink: This is a pastel colour. It is nicely pigmented and opaque.
Lilac: This a warm purple. It is nicely pigmented and opaque.
Warm heather gray: In the pan, I thought this is a green, but on my skin this is a medium toned warm gray. It has a bit of yellow tones to it. This colour has decent pigmentation and opacity.
Forest green: This swatches as a dark blackened green. It is pigmented and opaque.

Section B column 2 from left to right:
Nudy brown: This is a medium toned brown with rosy tones to it and it runs on the warm side. It has decent pigmentation and opacity.
Reddish brown: This is a warm brown with reddish tones to it. This colour feels a bit chalky. The colour is lightly pigmented and a bit sheer.
White: This is a pure white with no yellow tones to make it look creamy. The pigmentation and opacity is decent.
Dark gray: This is a blackened dark gray. It has decent pigmentation and opacity.
Final thoughts of all 32 eyeshadows (tier 1 shimmers and tier 2 mattes):
*Overall, I feel the eyeshadows are just OK. I feel that the quality and colour pigmentation is OK because there are quite a few that are chalky and sheer and the pigmentation is a bit weak. When I swatch these in the store, I was impressed with the soft texture of shadow and these seem very pigmented, hence enticing me to buy this set. After playing around with my own Treasure Chest I was not as impressed as I thought I would be. There are more colour variety in the shimmery eyeshadow tier than the matte because many of matte neutral colours are very similar to me. I like this set a lot better at Sephora than at home. Unfortunately, I am feeling a bit of buyers remorse right now
. However, swatching and applying colours for a FOTD are completely different experiences, I want to give this set a chance to prove me wrong.
Also check out these Tarte Treasure Chest posts:
Tarte Treasure Chest Tier 1 Shimmery Eyeshadows
Tarte Treasure Chest Tier 3 Lipglosses Part A
Tarte Treasure Chest Tier 3 Lipglosses Part B
Tarte Treasure Chest Tier 4 Bronzer, Highlighter, Blushes
Tarte Treasure Chest Product Pictures