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Supermodel Miranda Kerr will be the star of the Victoria’s Secret Fashion Show because she’ll be wearing this year’s version of the fantasy bra! This time it’s called the “Treasure Fantasy Bra” that is worth $2.5 million!

Supermodel Miranda Kerr will be the star of the Victoria’s Secret Fashion Show because she’ll be wearing this year’s version of the fantasy bra. This time it’s called the “Treasure Fantasy Bra” that is worth $2.5 million. Every year, one model is chosen among the Angels to wear a bejeweled bra dubbed the "Fantasy Bra"

It’s such an honor to wear the bra,” Miranda told People. “And it’s such a piece of artwork! It’s absolutely stunning — it kind of feels a little mermaid-like — but I can’t believe I’m wearing $2.5 million on my chest.” 

A press release stated that this bra is made by Long Island’s London Jewelers. It is composed of almost 3,400 precious stones including 142 carats of yellow and white diamonds, citrines, aquamarines, and pearl set in 18-carat white and yellow gold.

The $15 million price tag for the 2000 bra worn by Gisele Bündchen (see below) earned the set a place in the Guinness World Records as the most expensive items of lingerie ever created.

The 2011 show will be aired on CBS on November 29. See highlights from the 2008 show and 2009 show.