Selita Don't Need Nick Cannon's Ring!

10/16/2007 4:55 PM PDT BY TMZ STAFF
Even though her engagement to Nick Cannon is off, supermodel Selita Banks won't have to worry about being bling-free anytime soon! Who needs a 15 carat engagement ring anyway?!

The 24-year-old beauty, seen here wearing the ring Cannon designed, sparkles in 9,000 diamonds, rubies, emeralds and sapphires on her blinged out Victoria's Secret Christmas lingerie set. Ho, ho, ho!

Is it just us or does that look extremely uncomfortable?! Ouch!