Start by combining all ingredients in a large, deep, microwavable bowl. Using a large bowl is important because the jam will bubble up a lot during cooking, and you don't want it spilling over.
Next, microwave for 5 minutes and then stir.
Continue to microwave preserves for another 5 minutes.
Remove from microwave and let cool. The jam will thicken as it cools. Don't worry if it's runny. If you cook it till it's really thick, it will be gelatinous when it cools. It should come to a jam texture in a few minutes. If, after half an hour, the jam is still too runny, then return it to the microwave and cook for a couple more minutes.
Preserves are ready to use once cooled.
Store in the fridge and use within a week.