Forget Halloween because some of the best costumes won't go on display until November 29 when the 2011 Victoria's Secret show takes place. The pièce de résistance of the star-studded annual runway event is always the Fantasy Bra, and this year the stunner will be worn by newbie mom Miranda Kerr and cost a whopping $2.5 million to make. The aqua push-up bra is handset with 3,500 precious gems, 142 carats of white and yellow diamonds — including two 8-carat white diamonds and two 14-plus carat yellow diamonds in the center of the bra — pearls, faceted citrines, and aquamarines, all of which are set in 18-karat white and yellow gold.
Some may recall that last year's $2 million Fantasy Bra took 1,500 hours to craft and was worn by Adriana Lima, who also opened the show walking out of a case filled with ballet dancers. What could the folks behind the lingerie extravaganza possibly dream up for 2011? We'll have to tune in for that, but in the meantime here's a look at (above) the jewel-encrusted Treasure Fantasy Bra, which appears in the Victoria's Secret Christmas Dreams and Fantasies catalog. Kerr told People that the bra is "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." Kerr also follows in the reality-defying footsteps of Alessandra Ambrosio who, in 2008, walked in the show just three months after giving birth.
Among this year's performers are Kanye West and Maroon 5 (front-man Adam Levine is dating model Anne Vyalitsyna). In addition to Kerr, Lima, and Ambrosio, Rosie Huntington-Whiteley, Doutzen Kroes, Chanel Iman, Lily Donaldson, Karolina Kurkova, and Candice Swanepoel are all stated to walk in the 2011 show. Here's to hopping the show and the backstage footage are as engaging — for better or worse — as what we saw last year.