Arrange orange, lemon and lime slices in layers in 6-cup glass bowl, slightly overlapping the fruit slices in each layer. Sprinkle pomegranate seeds, rum flavor and orange extract throughout the layers. Pour enough water into bowl to almost reach top of bowl. (For clear ice, boil the water first then let stand until cooled.)
Freeze overnight or until ice ring is frozen.
To unmold ice ring, dip bowl into hot tap water. Unmold ice ring and place in 4-quart punch bowl. Pour Cranberry Pineapple Punch or your favorite punch recipe into bowl. Replenish bowl with additional punch over time.