In a large saucepan, combine sugar and water. Bring to boiling, stirring to dissolve sugar. Boil rapidly, uncovered, for 5 minutes.
Add cranberries, pears, nutmeg, allspice, and cinnamon. Return to boiling. Cook 3 to 4 minutes or till cranberry skins pop, stirring often. Remove from heat. Transfer to a bowl. Cover and chill.
Before serving, remove cinnamon stick. If desired, garnish with bay leaves and lemon peel.