In a large bowl whip the heavy cream with an electric mixer until stiff peaks form.
Add sweetened condensed milk and vanilla extract and mix for a couple of minutes more.
Add a layer of cream mixture. Add a layer of apricot jam and stir gently just to create some swirls. Repeat steps until all cream mixture and jam is done.
Transfer in one large or 2 smaller covered storage container and place in the freezer. Freeze for at least 4 hours or overnight.