Victoria's Secret Has Unveiled Its Most Outrageous 'Fantasy Bra' Yet

Victoria's Secret model Candice Swanepoel has been chosen to wear the newest Fantasy Bra - reportedly worth $10 million - when she hits the catwalk next month for the lingerie brand's fashion show.

The 24-year-old Angel follows in the footsteps of supermodels Alessandra Ambrósio, Gisele Bündchen and Heidi Klum, all of whom have donned a version of the diamond-encrusted lingerie on the runway.

Claudia Schieffer was the first Angel to get the honor, sporting the "Million Dollar Miracle Bra" in 1996.

This year's piece, dubbed the "Royal Fantasy Bra," costs four times as much as last year's, according to Huffington Post. Created by Switzerland-based luxury jeweler Mouawad, it features more than 4,200 precious stones - including rubies, diamonds and yellow sapphires - set in 18-karat gold.

"They had to mold my body to be able to make [the bra], and I was really excited," Swanepoel told People. "I tried to imagine after they'd done the mold, how would they make it, how it would look. My imagination didn't do it justice. My favorite part is this beautiful 52-carat pear-shaped ruby. Every part of it is exquisite."

She said the bra comes with two bodyguards.

"I've never worn anything this pricey, and we have to put gloves on when we put it on," Swanepoel said "It's kind of a big ordeal. The bra comes with two bodyguards and we have to handle it with a lot of care!"

The Victoria's Secret Fashion Show will take place next month and it airs on December 10.

Swanepoel was featured on the cover of Victoria's Secret's 2013 swimsuit catalogue in January.