Wanted to re-create it for this weekend but Im not sure what the color is?  Peach? Pink?  Also if it is peach, and advice on achieving a similar shade as the photo?

Im guessing the bottom liner of the cupcake is a light pink from wilton candy melt, but the top is a bit darker and doesnt look like a pink shade. 

I

It looks like an apricot coral to me.

Thanks! Now do can I make it?  I need it for the fondant items and also for the buttercream. :)

This is what  I found when I searched it,

http://www.peggydoescake.com/2011/08/coloring-tutorial-for-fondant-icing-frosting-royal-icing-etc/

I could be off base though,

You could try a few mixes on small pieces of fondant to see which comes out the closest but remember fondant darkens once it settles.

Thanks for the link, great for future reference! I didnt have most of the colors mentioned so decided to try Wiltons pink with a bit of the regular yellow and think I got a close enough color match. Will be putting together the cake tomorrow and update with the finished product :)

 Here's the finished cake:

@mmhassa2  You're cake is adorable and the colors are sweet. 

Really pretty, I bet they loved it!