It occurred to me last night that simply sanding (i.e. frosting) the CD edge should be plenty sufficient to stop reflections. No paint or marker necessary. Since I am a furniture maker and have the requisite tools in my shop it shouldn't be difficult to make a CD edge sanding setup on my lathe thus speeding up the process and allowing for batch processing.
100 grit "coated" paper (to reduce grit contamination) is what I have been using. It is available from all the box stores or Amazon.