Pour the cold milk into a saucepan and sprinkle the gelatin over the top. Allow it to "bloom" for 5 minutes (it will look wrinkly by the end)
Heat the gelatin/milk mixture on low and stir for a minute or two until the gelatin has dissolved. I heat to 110 Degrees.
Add the honey and stir again until completely incorporated. This should only take another 30 seconds. Don't let the milk get too hot or to come to a simmer. It should only warm.
Take the saucepan off the heat. Pour in the half and half or the heavy cram. Add either vanilla extract + Rose Water or the almond extract. Add salt and 1 or 2 drops of red food coloring. Stir to blend.
Divide evenly among the ramekins or glasses. Place immediately in the fridge and allow to set for 6-8 hours or preferably overnight. They can be made up to 2 days in advance of serving.
To unmold immerse the ramekin in warm water for several minutes then run a thin knife blade around upper edge. If you are using a mold with a more complex design than a straight-sided ramekin ramekin, spray the mold lightly with oil prior to adding the Pannacotta mixture.
You may choose a mold for this gelatin dessert or serve in a ramekin. A pink rosebud on the plate ups the delight of the Valentine celebration.
Flavoring is your choice. Rose Water commonly appears in Persian and Middle-East recipes and adds a light and exotic and interesting flavor to the Pannaotta. I ordered a 10 oz. bottle of Rose Water from Amazon at a cost of $18.00 plus postage. The Rose Water flavor tastes mild and delicate although one tsp of vanilla or 1/2 tsp. almond extract finishes the Pannacotta equally well.
Adding a few drops of red food coloring celebrates February and Valentine's Day nicely..