20/10/2011 10:23 BST | Updated 22/05/2015 10:12 BST

Miranda Kerr Slips On A Hot Pink Frock To Unveil New $2.5 Million Diamond Bra

Now there's expensive underwear, and then there's this. Victoria Secret's new Fantasy Treasure bra in New York yesterday - worth a cool $2.5 million.

Yes, you read that correctly: TWO AND A HALF MILLION DOLLARS.

Miranda Kerr unveiling the Victoria's Secret Fantasy Treasure bra Expensive undies: Miranda will model the $2.5million bra in the next Victoria's Secret fashion show. Photo:PA

Miranda hit the Victoria's Secret catwalk show. (Which makes her the 'Head Angel", FYI. That's a big deal.)

Miranda Kerr slips on a hot pink frock to unveil new $2.5 million diamond bra Introducing this year's 'Fantasy Treasure' bra, which features 142 carats of diamonds. Photo:PA

In wearing the bra, Miranda follows in the footsteps of previous 'Head Angels' Gisele Bundchen, Heidi Klum and Tyra Banks.

"It's such an honour to wear the bra," Miranda told People magazine.

"It's such a piece of artwork! It's absolutely stunning - it kind of feels a little mermaid-like. I can't believe I'm wearing $2.5 million on my chest."

Steal Miranda's style by browsing our pick of hot pink frocks here:

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