Coat lamb chops on both sides with a light brushing of olive oil; season chops with salt and black pepper. Set aside while preparing the sauce.
Combine Fredericksburg Farms Jalapeno Jelly, mint, beef stock and Fredericksburg Farms German Stone Ground Mustard in a small, heavy-bottomed saucepan over medium heat. Cook, stirring often, to melt the jelly. Reduce heat to medium-low and simmer until sauce has thickened, about 20 minutes. Keep warm over low heat while grilling the chops.
Grill the lamb chops to desired degree of doneness, although medium-rare will showcase their optimum taste and texture. Serve three chops per person, drizzled with a portion of the sauce.