Add 1 cup of ice to a cocktail shaker.
Add the Spiced Rum, Peach Schnapps, pineapple juice and cranberry juice to the shaker.
Shake until well mixed and cold.
Fill 2 Collins Glasses with ice.
Strain rum mixture into each glass.
Using the back of a bar spoon carefully drip 1/2 oz of grenadine into each glass along the edge. Allow the grenadine to settle onto the bottom.
Carefully place a Luxardo Cherry on top of cocktail.
Garnish with an orange wheel.