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1. Buy a bottle of pomegranate juice. This is becoming more popular and should be easy to find. POM is a popular but very expensive brand. I was able to find some 100% organic pomegranate juice for much cheaper.
2. Bring 4 cups of pomegranate juice (the whole 32oz bottle) to a boil.
3. Lower heat and simmer until it reduces in half. You can let it reduce more that half if you want it to be a bit thicker. This process took about 15 minutes.
4. Add 2 cups of sugar and let it dissolve.
5. Chill.
It won't be quite as red as Rose's so you can add food coloring if you'd like. It will taste a million times better.
http://www.cupcakeproject.com/2008/01/how-to-make-grenadine-and-why-you
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