Whisk together first 7 ingredients in a small bowl. Pour mixture into a large heavy-duty zip-top plastic bag, reserving 1/4 cup; add lamb chops. Seal bag, and chill 2 hours.
Remove chops from marinade, discarding marinade. Sprinkle with salt and pepper. Place chops on a lightly greased rack in a broiler pan.
Stir together reserved 1/4 cup wine mixture and honey.
Broil chops 3 inches from heat (with electric oven door partially open) 5 minutes on each side or to desired degree of doneness, basting with honey mixture after 3 minutes.
* 12 loin chops may be substituted for rib chops. Broil loin chops 3 more minutes on each side or to desired degree of doneness.
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