- 1 3/4 cups Calvados or other apple brandy
- 1 cup St-Germain (elderflower liqueur)
- 10 dashes bitters, preferably Fee Brothers Whiskey Barrel Aged Bitters or Angostura
- 1 750-ml bottle Champagne, chilled
Make and freeze ring mold with pears and apples according to . DO AHEAD: Ring mold can be made 1 week ahead. Cover and keep frozen.
Stir Calvados, St-Germain, bitters, and 1 cup water in a punch bowl. Add ice ring, then Champagne. Ladle punch into glasses and grate nutmeg over.