There's been little news of a romance between Miranda Kerr and James Packer since the pair were spotted holidaying on the billionaire's yacht off the coast of Spain in August.
But a new report claims the love is very much alive between the famous Australians, with the casino mogul said to have gifted the former Victoria's Secret model with a pair of diamond earrings worth $100,000.
'He bought them for her about four weeks ago,' a source told Woman's Day.
Daily Mail Australia has reached out to a representative for Miranda for a comment.
The reports of an extravagant gift come as the Australian beauty told InStyle magazine she is 'very single'.
Source : Prom Dress Online
[I'm] single...and really happy to be single,' she told the magazine.
'I'm just happy right now to have my focus,' she added. 'I need to spend more time with my friends.'
Rumours first began that Miranda and James were more than friends a year ago.
The high-profile pair have been linked since December last year, when Woman's Day reported that Packer had told friends 'I'm seeing Miranda Kerr'.
Both stars had recently announced divorces from their partners, Packer splitting from wife Erica in September and Kerr from actor Orlando Bloom in October.
Earlier this year Miranda said as long as the important people in her life know the truth about her relationship status, she is not fussed by other reports.
In an interview with The Sunday Times in the UK, she denied claims she was at the centre of the very public bust-up between Packer and his longtime friend, Channel Nine boss David Gyngell that took place in June.
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