India, Oct. 19 -- Kylie Jenner made her Victoria's Secret Fashion Show debut on October 18 in a $50 million look. The reality TV star and beauty entrepreneur walked the runway at Sony Pictures Studios in Culver City, California, in a gauzy miniskirt, clear heels and white feathered wings as boyfriend Timothee Chalamet cheered from the sidelines. But it was her diamond-studded Fantasy Bra, the most expensive in Victoria's Secret history, that stole the spotlight.

The showpiece features 4,410 natural diamonds surrounding a 75.54-carat radiant-cut Fancy Vivid yellow diamond. Fifteen craftspeople spent more than 1,000 hours creating the piece, which weighs just under four pounds. Priced at $50 million, the new rendition of the bra surpasses ...