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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Showing 126 comments

Kat on

$2.5 million on a bra? What is this world coming to.

Jill K on

That is CRAZY!!!

So lame on

This makes me sad honestly. I thought she was more level minded then this. :o/ Do you know how much good in the world you can do with 2.5 million ? Sad

Valerie on

And there are hungry children in this world.
How shameful to put so much money into something like this.

Emmy on

@ So lame, she is just wearing it so why is her “level mindedness” being questioned? She’s just doing her job, making a living, just like any of us. There are plenty of things I do at my job that I hate, but it doesn’t define me as a person.

ceciltc on

Well, how many ladies in this world would actually purchase this? Come on people! (No pun intended) Isnt there something else they could have done with the money, than to pay a top model top dollar to wear something that no one in thier right mind would purchase for this kind of scrilla!

Daisy on

So lame, she didn’t make the bra or buy it; she’s just modeling it, since that’s her job. What does it have to do with being or not being level-headed?

Sam on

Real? Fake? That is the question.

jenn on

she is so skinny! the bra probably weighs more than her. we need healthier..meaty..fit models

Esther Olivia Leng on

Wow!

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