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See Miranda Kerr’s $2.5 Million Bra

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Blinged-out bubbies!

Miranda Kerr (and her famous cleavage) has been 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 created by London Jewelers in the lingerie brand's Christmas Dreams & Fantasies catalogue and on the catwalk during the Victoria's Secret Fashion Show, which airs on CBS in November.

Related: PHOTOS: Check out the sexiest moments from last year's runway show

"I have always wanted to wear the Fantasy Bra, and when my agent called me and told me, I was so excited. It was really special," Kerr told Us Weekly at the bra's launch event on Wednesday in NYC.

Related: PHOTOS: Miranda, Orlando and other sexy Aussies!

The wife of Orlando Bloom and mom to nine-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.

Related: PHOTOS: Supermodel moms

The latest version, which boasts 142 carats of white and yellow diamonds among 3,400 hand-set stones, 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 Giuness World Record for most expensive lingerie set ever created.

Related: PHOTOS: 10 best celebrity diamond engagement rings

As for how it feels to wear the decked-out design?

"It was magical. Felt like a million dollars. Or $2.5 million!" Kerr gushed to Us.

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