The holiday season wouldn’t be the holiday season  without Victoria’s Secret’s annual fantasy bra.

This year, the bejeweled undergarment has been designed by Mouawad and will be worn by Victoria’s Secret Angel Candice Swanepoel who will model the Fantasy Bra in the 2013 Victoria’s Secret Dreams & Fantasies Catalogue as well as at The Victoria’s Secret Fashion Show, scheduled to air on December 10.

The Royal Fantasy bra and matching belt are adorned with more than 4,200 precious gems, including rubies, diamonds, and yellow sapphires. The 18-karat gold bra also features a 52-carat, pear-shaped ruby at its eye-catching center.

Perhaps it’s a sign of the improving times that last year’s bra – worn by Alessandra Ambrosio – was valued at just $2.25 million.

Mouawad has some experience in the brassiere department. The jeweler created a 10-karat white gold bra set with 2,900 diamonds in 2004. The Heavenly '70s Fantasy bra, which featured 112 carats of gems – including a flawless 70-carat pear-shaped diamond in the center – was also valued at $10 million.

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