Pour the black currant juice, orange juice, lemon juice, and water into a saucepan.
Add the honey, cinnamon stick, cloves, and ground nutmeg.
Heat over medium heat, but do not bring to a boil. Let it simmer gently for 10-15 minutes to allow the flavors to meld.
If you prefer an alcoholic version, add the rum at the end of cooking and stir well.
Strain the punch to remove the spices.
Serve in mugs, garnish with an orange slice, and enjoy hot!
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