In a small saucepan, bring 2 cups of water to a boil. Once boiling, remove from heat and add the Earl Grey tea. Let it steep for 5 minutes for a strong flavor, then strain out the tea leaves or remove the tea bags.
In a separate saucepan, heat the milk over medium heat until warm but not boiling. Stir in the cherry juice and honey until well combined.
Combine the brewed Earl Grey tea with the cherry milk mixture. Stir well to mix all the flavors together.
For hot tea, serve immediately in mugs, garnished with fresh cherries and a slice of lemon if desired.
For iced tea, let the mixture cool to room temperature, then pour over ice cubes in tall glasses. Garnish with fresh cherries and lemon slices.