Nothing screams luxury more than wearing bejeweled undergarments worth millions of dollars.

Every year, the global lingerie giant launches a much-anticipated secret fashion show, which features carefully selected supermodels who wear elaborately costumed lingerie and strut on a lavishly set runway. However, the highlight of every show is definitely the Fantasy Bra, which is basically a large piece of expensive jewelry worn over a model’s décolletage.

The secret is out! @LilyAldridge will be wearing this year’s VSFantasyBra ? VSFashionShow pic.twitter.com/kNvnZo9eAV

— Victoria&39;s Secret (@VictoriasSecret) November 2, 2015

It is every model’s dream to be chosen to wear this coveted bra and for this year’s show, Victoria’s Secret has bestowed the task upon American supermodel Lily Aldridge. The five-foot-eight California native announced the news through her Instagram page on Tuesday with the caption, “I can’t believe it’s finally been announced! Thank you so much Victoria’s Secret for this amazing honour! I love you all so much.”

?Fantasy Bra? I can&39;t believe it&39;s finally been announced!!!! Thank you so much @VictoriasSecret @Ed_Razek & Monica Mitro for this amazing honor!!!! I love you all so much ❤️ VsFashionShow2015 DreamComeTrue ?????? A photo posted by Lily Aldridge (@lilyaldridge) on Nov 2, 2015 at 5:21am PST

This year’s Victoria’s Secret Fantasy Bra is designed by high-end jewelry designer Mouawad, who has collaborated with the label since 2001. As revealed in a short two-minute teaser, the new bra features a demi-shaped design and over 6,500 precious stones whose total weight amounts to nearly 1,364 carats. Set in 18-karat gold, the entire piece – including the matching detachable belt – took more than 600 hours to make.

This is Aldridge’s first time to wear the Fantasy Bra. Other models that have worn it in past years include Gisele Bündchen, Alessandra Ambrosio, Adriana Lima, Behati Prinsloo, and Candice Swanepoel.

Aside from being a sought-after supermodel, Lily Aldridge is also wife to Kings of Leon frontman Caleb Followil and mother to their three-year-old daughter, Dixie. She is also comes from a family of models – her sisters Ruby and Saffron Aldridge are also models, while her mother, Laura Lyons, used to be Playboy Playmate in the ‘70s.

The Victoria’s Secret Fashion Show is not only known for its opulent presentation and gorgeous models, but also for the musical intermissions. This year’s show, which is set to take place in New York City, will feature performances by Rihanna, Selena Gomez, and The Weeknd.

The show will air on December 8 on CBS.