Miranda Kerr has been chosen to wear the Victoria’s Secret‘s 2011 Fantasy Treasure at next month’s presentation.

Valued at $2.5 million, the bra is inspired by an underwater dreamland of luxury, exotic glamour and sexy aquatic Angels.

The Fantasy Treasure Bra was created by London Jewellers in Long Island. It boasts almost 3,400 stones, of which there are 142 carats of yellow and white diamonds.

You would think that wearing Victoria’s Secret’s jewel-covered fantasy bra and panties would be the most glamorous moment of a model’s life.

However, for super model Selita Ebanks, who slipped into underwear covered with $4.5 million worth of diamonds, rubies, emeralds and yellow sapphires, nothing could be further from the truth.

Ebanks, who wore the Magical Diamond Bra And Panty Set Of Destiny in the 2007 Victoria’s Secret fashion show, says that the stones hurt in her special lady place.

The House of Mouawad has just unveiled the Mouawad 1001 Nights Diamond Purse, the world’s most expensive handbag, valued at a staggering $3.8 million.

The most expensive purse in the world was designed by Robert Mouawad and handcrafted by 10 artisans in over 8,800 hours.

The heart-shaped purse incorporates 18kt gold and 4,517 diamonds (105 yellow, 56 pink and 4,356 colorless) with a total weight of 381.92 carats.

Adriana Lima has debuted the US$2 million diamond-encrusted bra she will wear at the Victoria’s Secret Fashion Show during an instore appearance.

Designed in collaboration with Italian jeweller Damiani, and containing more than 3,000 jewels, the piece took six craftsmen 1,500 hours of work to complete.

Adriana needed a security team just for her bra costs $2 million with its incredible 142 carats of white diamonds, topazes and sapphires.

The 29-year old supermodel Adriana Lima was chosen to model this year’s Victoria’s Secret Fantasy Bra valued at $3 million.

Decorated with a starburst design, the Bombshell bra features 2,000 diamonds and was unveiled ahead of the upcoming fashion show in New York.

Last year, Vicky’s Secret Angel Marisa Miller was the chosen one to wear the $3 million Harlequin Fantasy Bra.

Victoria’s Secret model Alessandra Ambrosio is the face of Moschino’s Autumn/Winter 2010/11 Ad Campaign photographed by Inez & Vinoodh.