Candice Swanepoel Wearing $10 Million Victoria's Secret Fantasy Bra

This bra has some major bling!

Victoria's Secret announced Wednesday that South African supermodel Candice Swanepoel, 24, is the chosen one to don the enviable Fantasy Bra — a tradition that dates back to the 1996 show when Claudia Schiffer first sported the "Million Dollar Miracle Bra — in the 2013 Victoria's Secret Fashion Show. 

A majestic $10 million price tag accompanies the "Royal Fantasy Bra," which certainly lives up to its name.

The Mouawad-designed piece, complete with a bow and matching belt, includes over 4,200 precious gems including rubies, diamonds and yellow sapphires. The stones are set in 18-carat gold with a rather large 52-carat pear-shaped ruby that dangles at the center; Therefore, the $10 million price tag, up from last year's $2.5 million "Floral Fantasy" bra showcased by Alessandra Ambrosio. 

This is the blonde supermodel's first time wearing a version of the Fantasy Bra. Her predecessors include Miranda Kerr in 2011, Gisele Bündchen in 2000 and 2005, and Heidi Klum in 1999, 2001 and 2003. The most expensive Fantasy Bra to-date is the "Red Hot Fantasy Bra" — a $20 million bra and panty jewel-encrusted set — worn by Bündchen in 2000.

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No word yet whether Swanepoel's boyfriend Hermann Nicoli, also a model, will attend the show to support the Angel.

The 2013 Victoria's Secret Fashion Show will air on CBS on Dec. 10. 

Tell us: Do you think the British royal family will approve of the red and blue bra?

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