Prepare a large cookie sheet or pan with parchment paper; set aside. In a large skillet over medium-high heat, combine sugar, cinnamon, nutmeg and water until the ingredients are combined and the sugar has dissolved.Slowly add almonds to the mixture and stir, making sure to completely coat all the almonds with the mixture. You want to make sure you stir constantly so that the almonds are evenly coated.After a couple minutes of stirring, you will notice the syrupy mixture starting to get thicker; this is a good sign. Don't stop stirring though. Keep going. At about the 5 minute mark, the sugar will begin to crystallize and look almost like a sandy consistency. This is good. Once the sugar has crystallized, you can remove from heat.Carefully place almonds on prepared parchment paper and allow to cool before serving.