Heat the Milk Mixture:
In a medium saucepan, combine the milk, heavy cream, sugar, cinnamon, nutmeg, and salt. Heat over medium heat, stirring occasionally, until the sugar dissolves and the mixture is warm but not boiling.
Add the Rice:
Stir the cooked rice into the milk mixture. Reduce the heat to low and simmer gently, stirring often to prevent sticking, for about 20–25 minutes until the mixture thickens and becomes creamy.
Incorporate Vanilla:
Once the pudding has reached your desired consistency, remove it from the heat and stir in the vanilla extract.
Cool and Serve:
Allow the rice pudding to cool slightly before serving. For a chilled version, transfer to a bowl, cover, and refrigerate for at least 1 hour.
Add Toppings:
Top with raisins, nuts, or fresh fruit for added flavor and texture.