Make simple syrup using a one to one ratio of sugar and water, bring to a boil in a saucepan, stir to dissolve sugar and store in the refrigerator to cool, (I used 1/2 cup of each, sugar and water)
Place the finely sliced orange and lime in a pitcher and add the fruit juices, cooled simple syrup and wine then place in the refrigerator for 4 to 24 hrs.
Serve in chilled glasses if possible, fill 3/4 with wine and top off with sparkling water.
Garnish with additional orange and lime slices and cherries.
Prepare a day ahead if possible