PHOTO: Miranda Kerr Models $2.5 Million Bra

10/13/2011 at 12:00 PM ET

Miranda Kerr BraCourtesy Victoria’s Secret

She must be on Santa’s good list! Victoria’s Secret model Miranda Kerr has been chosen by the brand to model the iconic Fantasy Treasure Bra — a $2.5 million diamond-studded piece — in the Christmas Dreams & Fantasies catalogue and during the Victoria’s Secret Fashion Show in November.

“It’s such an honor to wear the bra,” Kerr tells 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.”

The aqua push-up brassiere, created in part by Long Island’s London Jewelers, is handset with nearly 3,400 precious gems, including 142 carats of white and yellow diamonds, pearls, faceted citrines and aquamarines, all set in 18-karat white and yellow gold. The centerpiece features two white diamonds — each more than 8 carats — and two 14-plus-carat yellow diamonds.

“We put a lot of love into this bra,” jeweler Candy Udell tells PEOPLE. Adds daughter Randi, “We put a lot of our most favorite elements into it, such as the tassel — it’ll be wonderful with her walking down the runway, the tassel swinging with her body. We thought about the runway show, and what would catch everyone’s attention.”

The runway show will be a very special moment for Kerr: aside from wearing the Fantasy Treasure Bra, she’ll be returning to the Victoria’s Secret catwalk after taking a one-year hiatus while she was pregnant with son Flynn. “It’s very special,” she says of rejoining the show. “And now I feel better than ever. I feel healthier than I’ve ever felt. It was wonderful to have a bit of time off after I was pregnant and having Flynn. But now I’m back in the swing of things and it feels good.”

In fact, you could say it feels really good. “I feel like more than $1 million,” she jokes. “I feel like $2.5 million.”

Catch the Victoria’s Secret Fashion Show — featuring performances by Kanye West and Maroon 5 — on CBS this November.

–Kate Hogan

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Solange on

Those who are passing judgement are nothing more then frumpy housewives who refuse to take care of themselves!

Ed on

People sick, starving, homeless all over our country – but somehow someone feels the necessity to make a bra that comes to that amount of money. Agree – completely SAD! If I were Kerr, I’d be embarrassed to put it on for that reason alone!

static on

wat the big deal victoria secret have been doing these bra since 1996 and this is not the most expensive the most expensive is 15 million worn be gisele in 2000 so i dont see wat the big deal now

justin on

honestly, who cares about the bra…this girl needs some meat on her bones. how can she say she’s never felt healthier when she barely has a body to even carry around! this industry is still twisted!!

NM on

Give me a friggen break!!

emerson on

yeah what does level minded have to do with her just modeling it? its not like it was her idea to make the bra…i think shes a great model anyways

LIa on

To all of the people complaining about the 2.5 million dollar bra: If the money isn’t coming out of your pocket, stop complaining!

Miranda Kerr Chosen to Model $2.5 Million Victoria’s Secret Bra | Kineda on

[…] People magazine is reporting that Miranda Kerr has been chosen by Victoria’s Secret to model their iconic Fantasy Treasure Bra — a $2.5 million diamond-studded piece — in the Christmas Dreams & Fantasies catalogue and during the Victoria’s Secret Fashion Show in November. 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.” […]

Kristen on

Agreed, though you can’t blame Miranda for wearing it… most likely she didn’t design or purchase it. But the fact that someone would put that amount of money into a bra is sickening, especially looking at how many greater and more beneficial opportunities there are to spend that money wisely.

This Little Light Of Mine... on

Truly a beautiful creative piece of art! Who knows what the proceeds go to, and if anyone actually purchases it. Victoria’s Secret has been a part of many fundraising campaigns, I’m sure. Now now people, you must admit that Ms. Kerr wears it well, and shouldn’t be scrutinized for being too thin, when most of America is fighting obesity. She may or may not have to work hard to wear it, but I’m sure she has healthy habits to look so great, especially after having a baby. Kudos to Ms. Kerr and to Victoria’s Secret for this year’s Million Dollar Bra! It’s beautiful!!! : D

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