Kylie Jenner Just Walked Her First Victoria's Secret Fashion Show
Wearing a $50 million diamond-encrusted Fantasy bra, the most valuable one ever made.
Kylie Jenner just made history. Taking to the runway at the 2026 Victoria’s Secret Fashion Show in Los Angeles, the KHY founder took center stage in one of the night’s most extravagant looks: the revived Fantasy Bra, a $50 million USD jewelry masterpiece created together with Jacob & Co.
Designed by Jacob Arabo, the showstopper took more than 1,000 hours to craft, with 15 artisans assembling 3,218 individual components. At its center sits a 75.54-carat natural Fancy Vivid Yellow diamond, surrounded by 4,409 natural diamonds weighing 1,373 carats in total. Rather than using traditional fabrics, the design transforms precious metals and stones into a lingerie-inspired silhouette, complete with shimmering crystals and delicate fringe. It’s officially the most valuable Fantasy Bra in the brand’s history. Watching from the audience were partner Timothée Chalamet and momager Kris Jenner, who cheered her on as she made her VS debut.
Under the creative direction of Adam Selman, this year’s show took audiences through the four seasons, combining the brand’s signature wings and theatrical lingerie with an all-women musical lineup. KATSEYE, Tate McRae, Megan Moroney and Megan Thee Stallion took to the stage, while Angels including Gigi Hadid, Alex Consani, Adriana Lima, Precious Lee and more walked the runway, alongside Rosie Huntington-Whiteley, who returned to the show after 16 years. Another standout moment came from Barbara Palvin, who returned to the catwalk just weeks after giving birth.
The show also marked the Fantasy Bra’s return to the runway for the first time since Elsa Hosk wore the design in 2018. Previously modelled by the likes of Claudia Schiffer, Alessandra Ambrosio and Adriana Lima, the iconic piece is officially back, and Jenner made sure it went out with a bang.
Take a look at some of the night’s moments above and head to the brand’s website for more.
In other news, these were all the best-dressed celebs from the 2026 Academy Museum Gala.
