Candice Swanepoel showed off the new Victoria's Secret fantasy bra in New York City today (Nov. 5).

Candice Swanepoel showed off the new Victoria’s Secret fantasy bra in New York City today (Nov. 5). (Photo by Monica Schipper/Getty Images)

Candice Swanepoel showed off the jewel-encrusted Victoria’s Secret’s “Royal Fantasy Bra” at the brand’s Herald Square store in New York City this morning (Nov. 6). She’ll wear the bra at the upcoming New York City lingerie fashion show.

The South African model, who was chosen to wear the $10 million creation, will also be featured in Victoria’s Secret’s “Dreams & Fantasies” catalog.

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It’s the first time the 24-year-old model has been asked to wear the specialty bra.

“I’ve never worn anything this pricey, and we have to put gloves on when we put it on. It’s kind of a big ordeal. The bra comes with two bodyguards and we have to handle it with a lot of care!” she told People magazine.

Indeed, it’s considered a special honor among Victoria’s Secret’s “Angels” to take part in the tradition.

Candice Swanepoel Displays Fantasy Bra
(Click Photos to Enlarge!)

Models Alessandra Ambrosio’s, Claudia Schiffer, Tyra Banks, Heidi Klum, Adriana Lima and Miranda Kerr have worn specialty bras in previous years.

The latest creation is called “The Royal Fantasy Bra” because it features more than 4,200 rubies, diamonds and yellow sapphires set in 18-karat gold.

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A stunning 52-karat ruby is the centerpiece, according to its jeweler, Mouawad.

Last year’s fantasy bra, which hugged supermodel Ambrosio’s chest, was worth $2.5 million. But Bundchen wore the most expensive bra in 2000. Called the “Ruby Fantasy Bra,” it was valued at $15 million.

The fashion show will be held later this month and televised in December by CBS. Check out Candice’s photos and follow TheImproper on Twitter for the latest fashion news.