Miranda Kerr Models $2.5 Million Bra

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, ...