Victory Cocktail

Holiday Ruby Punch 2 cups ruby port 1 1/2 cups cognac Peel of 3 limes 3/4 cups sugar 1/2 cup fresh lime juice 3 1/2 cups water Large Block of Ice Thin lime slices 8 Cinnamon sticks 1/2 Whole nutmeg (grated) Large punch bowl Sparkling Ruby 1 part punch 2 parts brut sparkling wine Lime twist