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This thread is resolved. Here is a description of the problem and solution.
Problem: WooCommerce Product Attributes (colors) are not translated.
Solution: In order for product translation to show up they will need to be translated to 100% the first tiem they are getting translated. Further adjust the multilingual content setup settings on the product editor. The custom fields will need to be set to "translate".
Relevant Documentation: https://wpml.org/documentation/getting-started-guide/translating-custom-fields/