Place the pear in the center of a quart container.
Mix equal parts of the pink and blue rubber compound in another quart container.
Pour the liquid rubber inside the quart container around the pear, leaving the very top of the pear visible. When the mold has hardened, remove the mold from the container, cut the mold down the side with the serrated knife and take out the pear.
Melt the candle wax over a low oven flame in an old saucepan. Add the color chips and swirl the wax to mix in the color.
Place the mold back into the quart container.
Insert the wick into the mold. Wrap the end of the wick around a dowel that is balanced on the quart container to ensure the wick stands straight.
Pour the hot wax inside the mold. Let cool for several hours. Pull the mold from the container, pull it apart at the cut edge and unmold the pear candle. Cut the exposed wick to 1/2 inch.