James Packer And Miranda Kerr - After her highly publicized split from Orlando Bloom, Miranda Kerr is moving forward as well. In fact, it looks as if things are getting serious with her alleged beau, James Packer. Packer reportedly gave Kerr earrings worth $100 thousand.

After James Packer and Miranda Kerr were spotted off the coast of Spain in August, things have been doing great between the couple. It seems that the romance is still very much alive despite Kerr's claims that nothing sort of romantic has been going on between her and the billionaire.

The latest proof of James Packer and Miranda Kerr dating are the reports that the billionaire had given the latter earrings worth $100 thousand. The former Victoria's Secret model had been given diamond earrings that would cause the envy of any other woman.

"He bought them for her about four weeks ago," says a source to Woman's Day.

The earrings given by Packer to Kerr is allegedly the billionaire's Christmas gift for the model. Kerr has yet to comment on reports about the highly-expensive earrings. Though the earrings may be proof that James Packer and Miranda Kerr are indeed an item, the latter's interview with InStyle magazine claim she's still "very single."

"[I'm] single...and really happy to be single. I'm just happy right now to have my focus," says Kerr, adding, "I need to spend more time with my friends."

James Packer and Miranda Kerr are still in denial over their reports, even after they were spotted in Spain, Los Angeles, and New York. As for Kerr's former husband, Bloom, the "Hobbit" star is busy with his new belle as well.

Bloom has taken no heed to the James Packer and Miranda Kerr dating reports as he too is happy and in love with another beauty by the name of Noomi Rapace.