Vibrant Visuals on Minecraft Bedrock Preview isn’t available on Parallels Desktop virtual machines. It is somewhat functional on UTM virtual machines, since the hypervisor tells Minecraft that it has an M1 GPU with Microsoft Basic Render Driver, but on Parallels VMs it shows as the “Parallels Display Adapter“ which isn’t on the supported cards list.
Only the specific devices and requirements mentioned in the changelogs are supported at this time.
Watch the changelogs for possible additional devices in the future.