Put the wine, orange peel, cinnamon stick and honey into a saucepan and bring to a boil, stirring to dissolve the honey. Reduce the heat to medium-low and simmer until the liquid is reduced to about 1/3 cup, about 15-20 minutes. Using a slotted spoon, remove the orange peel and cinnamon stick and discard. Stir in the grapes. Allow to sit, stirring occasionally, for at least an hour or up to two hours at room temperature or place in the refrigerator in an airtight container where it will keep up to three days.
Serving suggestions: Serve in a small dish on its own, with biscotti or over plain, low-fat Greek yogurt or vanilla or chocolate frozen yogurt.