Our house came with a very nice peach tree and I did my second batch of peach jam this year. The first year we lived here I made a batch too, but this year I decided to decorate the jars for gift giving. I found some cute mason jar labels and printed them onto brown card stock - the link is here - http://www.cottage-industrialist.com/blog/2010/7/11/a-canning-party-free-printables-from-paper-crave.html
The jars are 8 oz. canning jars and so I used a 6" square of fabric cut with pinking shears for the jar topper and simply placed it over the lid and fastened the ring over the fabric.
Now I have a cute, yummy homemade gift all ready to go!
If you would like the recipe for the peach jam just let me know - it's easier than you think and so much better than store bought.