Which Pearls are these? The lower end kits can have some truly unfortunate wood under the wraps. Sonically, I would advocate removing the wrap, but that could lead to a major prep work battle if the outer ply is not particularly nice.
I just learned of people painting their wheels, badges, or even whole cars in Plasti Dip. It comes in a bunch of colors, is durable, and also can be removed if you want a change later or if it isn't holding up well. Something to consider.