Place green bell peppers and jalapeños in a blender with 1/2 cup of the vinegar.
Blend until smooth.
Pour mixture into an 8 quart saucepan. Add the rest of the vinegar.
Stir in the diced red bell peppers and sugar.
Bring to a rolling boil for 1 minute.
Remove from the stove and let it stand for 5 minutes.
Skim the foam off and then sprinkle on the dry pectin.
Stir until well blended. Pour immediately into sterilized jars.