Amber's Cranberry/Cherry Sauce

12-oz frozen cranberry juice cocktail, thawed (I use the organic kind, because it's not so sickeningly sweet as the other stuff)
1 cup water
1 (packed) cup light brown sugar
1 cinnamon stick, broken in half
1/4 teaspoon ground allspice
6 oz dried tart cherries
12-oz bag fresh cranberries

Bring thawed cranberry juice, water, brown sugar, cinnamon stick, and allspice to a boil in a medium saucepan over medium-high heat, stirring until sugar completely dissolves. While still boiling, add the dried cherries and cook 3 minutes. Add the cranberries and cook until they pop, stirring occasionally, 12 minutes or until slightly thickened. Remove cinnamon stick. Pour into bowl, cover, and chill overnight. Voila! Tart and saucy!