Victoria's Secret via YouTube / Promotional 1 / 24
Victoria's Secret via YouTube / Promotional 1 / 24

Miranda Kerr was chosen to wear this year's Victoria's Secret jewel-encrusted Fantasy Bra. The 28-year-old Australian beauty will model the $2.5 million stunner in the lingerie brand's Christmas Dreams & Fantasies catalog and on the catwalk during the "Victoria's Secret Fashion Show," which airs on CBS in November.

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The wife of Orlando Bloom and mom to 9-month-old son Flynn follows in the footsteps of Victoria's Secret Angels like Tyra Banks, Heidi Klum, Selita Ebanks and Adriana Lima, who've all rocked a version of the eye-popping creation.

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The latest version, which boasts 142 carats of white and yellow diamonds among other gems, actually has a less impressive price tag than in year's past. In 2000, Gisele Bundchen worked the Red Hot Fantasy Bra and Panties set, worth $15 million -- and set a Guinness World Record for the most expensive lingerie set ever created.