Cook the orzo pasta according to package instructions. Drain and rinse under cold water to stop the cooking process. Set aside in a large mixing bowl.
In a small bowl, whisk together the olive oil, hot honey, balsamic vinegar, salt, and pepper until well combined.
Add the diced peaches, prosciutto, feta cheese, and chopped basil to the bowl with the orzo.
Pour the dressing over the orzo salad and gently toss until all ingredients are well coated.
Let the salad sit for about 10 minutes to allow the flavors to meld. Serve chilled or at room temperature.