The gorgeous Victoria's Secret alum stole the spotlight at the Magnum Pink and Black Party during the 68th Annual Cannes Film Festival in Cannes, France on Thursday.
The mother-of-one looked stunning in her plunging pink Emanuel Ungaro gown. Kerr finished her red carpet look with a sparkly silver clutch, white Giuseppe Zanotti strappy sandals, Lorraine Schwartz tear-drop diamond earrings and styled her long brown tresses in soft curls.
The 32-year-old model has kept a low-profile since separating with ex-hubby Orlando Bloom in 2013 -- she's been spending her time focusing on their adorable son Flynn and her beauty brand.
"For the record, I'm single," she told the Australian edition of Harper's Bazaar earlier this year. "What I'm trying to do right now, as I've always been the girl with the boyfriend, is to find that comfort within myself. Because it's quite easy to always look to other people to lift us up or make us feel better about ourselves."
"At the end of the day, it's really important to be comfortable with your own company and to feel good about that and not have to rely on anyone else," the beauty ambassador added.
The single life sure looks good on Kerr -- we've never seen her look better!
What do you think about Miranda's plunging look? Sound off below and click "Launch Gallery" above to see more red carpet photos from the 68th Annual Cannes Film Festival!