The former Victoria's Secret Angel seem to confirm the Miranda Kerr dating James Packer rumors as she was spotted boarding a luxury yacht with the media mogul. The Australian model was seen lately sporting expensive diamonds as reports of their relationship emerged.

The 31-year-old Orlando Bloom's ex was reportedly spotted being helped onto a smaller boat with the media mogul in Spain on August, the Daily Telegraph said. They were later transferred to his luxury yacht, the Arctic P, hours after they boarded the boat.

Miranda Kerr and James Packer dating rumors seemed to be true as the billionaire was also seen hanging out near the Australian beauty's apartment several days after their Spain holiday.

"Australian billionaire James Packer has been spotted casually strolling about New York just a few blocks from the house of rumored girlfriend Miranda Kerr," the Daily Mail said.

The report added, "The pair have previously denied being romantically involved, but Packer's sighting on Madison Avenue is doing little to quash rumors they are Australia's newest power couple."

Also according to a report from the Daily Telegraph, the former Victoria's Secret Angel was often spotted using fashion and custom jewelry following the Miranda Kerr and James Packer dating rumors.

"Now the former Victoria's Secret model has been seen stepping out dripping in diamonds so expensive they would match Packer's boys-toys budget," the report said.

The report also noted that Orlando Bloom's ex, who has been using a $4,000 Rolex Oyster Air-King, has already replaced it with a more expensive brand.

The report confirmed that Miranda Kerr replaced it with $10,000 worth Cartier.

Former Victoria's Secret Angel Miranda Kerr was also photographed with two sparkly diamond tennis bracelets, which are estimated to be worth $150,000 each.

Miranda Kerr's earrings, meanwhile, were believed to be around five carats each while her new Hermes Birkin handbag was rumored to be $20,000.