Bring the two kinds of milk, 5 Tablespoons of the sugar, salt and rice to a boil in a large pot.
Turn the heat to low, cover and simmer, until rice is tender, stirring every 3-4 minutes for approximately 35 minutes, to prevent the rice and milk from burning. It can burn very quickly.
Once rice is thickened and cooked, pour rice mixture into a large bowl to cool.
While rice is cooling, in a medium well-chilled bowl (stainless works best) add whipping cream, ¼ teaspoon almond extract and 2 Tablespoons of the sugar.
Using an electric mixer, beat the cream, extract and sugar until the cream is stiff and has formed peaks. Set the bowl aside.
Add the chopped almonds, the one whole almond and vanilla paste to the rice mixture and mix well.
Gently fold the whipped cream into the rice mixture.
Cover and refrigerate for a minimum of 4 hours (may be made the day before).
Divide the rice pudding either chilled or room temperature into 8 individual bowls.
Top with warm cherry sauce and serve.