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The annual Victoria’s Secret Fashion Show is almost upon us, and with modelling heavy-hitters like the Hadid sisters and Kendall Jenner walking the runway, it’s set to be quite the show.

And now we know just who’ll be adding even more sparkle to the proceedings – because last night we got news Elsa Hosk will be continuing a Victoria’s Secret tradition by donning the renowned $1.3m Fantasy Bra. The Swedish model will be walking in some legendary footsteps, following the likes of Heidi Klum, Gisele Bündchen, Claudia Schiffer, Tyra Banks and Miranda Kerr, who’ve all worn the bra before her, in a tradition started back in 1996.

Needless to say, she was pretty damn excited upon receiving the news:

 

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Fantasy, revealed! Watch the epic moment when @hoskelsa got the news of a lifetime 💎 #VSFantasyBra #VSFashionShow

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The so-called ‘Dream Angels Fantasy Bra’ is the pièce de résistance, if you will, of the fashion show. And we’re not surprised, given that it boasts 71 carats, all-Swarovski crystals, ethically-sourced topaz, a body chain, and took over 930 hours to create (no pressure, Elsa). Talk about opulent.

And if you guessed such a hefty price tag earned this the honour of being the most expensive lingerie item worn by a VS Angel, surprisingly you’d be wrong. Back in 2005, Gisele blew that record out of the water when she took to the runway in the Sexy Splendour Fantasy Bra, valued at an eye-watering $16.4m ($12.5m USD).

 

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This year, for the first time, fans can get in on the action too, with a more affordable $330 ($250 USD) replica, also featuring Swarovski crystals, going on sale at select stores and online at the end of the month. We’re not sure about you – but we’re probably going to stick to our t-shirt bras for now.