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. Miranda Kerr was on hand to unveil 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 braExpensive undies: Miranda will model the $2.5million bra in the next Victoria's Secret fashion show. Photo:PA

Miranda hit the Victoria's Secret New York store - in a stunning hot pink Michael Kors frock - to reveal the bejewelled bra to the press, which features a whopping 142 carats of diamonds (and most likely weighs a ton).

The Fantasy Treasure bra returns with a different design season after season, with this latest being modelled by Miss Kerr in the next 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 braIntroducing 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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