Did Australian billionaire James Packer really give Miranda Kerr diamond earrings worth $100,000?
The two were earlier reported to be dating, as they were seen cruising on the billionaire's yacht off the coast of Spain. But Kerr, ex-wife of The Hobbit actor Orlando Bloom, openly declared that she's happy being single.
A new report, however, claims that the two Australians seem to have rekindled their romance, as evidenced by the casino Mogul's very pricey Christmas gift.
"He bought them for her about four weeks ago," a source told Woman's Day.
Packer and Kerr's dating rumours started way back December last year, when Woman's Day reported that Packer proudly told his friends, "I'm seeing Miranda Kerr."
But both individuals only recently announced divorces from their partners. Packer split up from wife Erica in September while Kerr broke up with Bloom in October.
However, Bloom and Kerr have plans to spend the holidays together with their three-year-old son Flynn.