The new scent will launch worldwide in April, and the Italian luxury brand plans to fete Dunst with a glamorous Mediterranean Eden-themed party during Milan Fashion Week at the end of this month.
We hear the bash will take place at the Bulgari hotel on Feb 25, where the brand's Fall-Winter 2011-2012 accessories and jewelry collection will also preview.
Now that sounds like our kind of fabulosity.
Details on the new fragrance are hush-hush for now, but industry chatter is that jasmine will take center stage in an exotic and sensual fashion similar to that of Bulgari's existing Jasmin Noir scent.
And while Dunst's career has been quiet in the past few years since playing Marie Antoinette in all her corseted and heaving-cleavage glory, the Bulgari partnership signals what looks to be the beginning of an A-list year for the 28-year-old actress.
Dunst will hit the big screen later this year in a modern adaptation of Jack Kerouac's "On the Road," produced by Francis Ford Coppola and co-starring Amy Adams and Kirsten Stewart.
With all three stars known for their fresh takes on fashion, we predict an exciting premiere and red-carpet season to come.
And if you want a piece of Kirsten Dunst now, check out how to score her peekaboo bangs.
Take a look at whether you think Kirsten Dunst has any fashion 'scents' in our partner video below.