Cook sugar and 1/2 cup water in 3-quart saucepan over medium-high heat, stirring constantly, until sugar dissolves. Bring mixture to boil without stirring.

Stir in cranberries, dried apricots, and remaining ingredients. Reduce heat, and simmer, stirring occasionally, 10 minutes or until cranberries pop and mixture starts to thicken. Cool. Cover and chill 1 hour. Let stand at room temperature 30 minutes before serving.