Candice Swanepoel will wear the iconic $10 million Fantasy Bra during this year's Victoria's Secret show.

The 24-year-old model has been chosen to strut down the catwalk at the lingerie brand's annual event wearing the coveted jewel-encrusted brassiere and has had the piece moulded to fit her body perfectly.

She told People magazine: ''They had to mould my body to be able to make [the bra], and I was really excited.

''I tried to imagine after they'd done the mould, how would they make it, how it would look. My imagination didn't do it justice. My favourite part is this beautiful 52-carat pear-shaped ruby. Every part of it is exquisite.''

The item, crafted by jeweller Mouawad, features over 4,200 precious stones set in 18-karat gold.

Candice confessed she's never worn something so expensive and the pricey piece has two bodyguards keeping a watchful eye over it.

She exclaimed: ''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!''

The blonde beauty is nervous about the catwalk and thinks it will be harder than her usual swimwear shoots.

She added: ''Definitely being the Fantasy Bra model is more nerve-wracking [than shooting swim] because it's a one-time thing. Walking around wearing $10 million does seem to make me a little bit nervous.''

Candice joins an illustrious list of Victoria's Secret models who have worn the Fantasy Bra, including Heidi Klum, Gisele Bündchen and Alessandra Ambrosio.