Drake's Championship Ring -- Chill, Meek ... This One's NOT for You!

Finally some good news for Meek Mill ... Drake isn't trolling him with that new NFL-style championship ring he's rocking ... or at least that wasn't the original plan.

The men behind Drake's new swag are Dave Bling and his partner, Will DaBoss, ​with DWS Jewelry & Co., who have designed a number of custom pieces for Drake. Dave tells TMZ Sports the ring is packed with 5.5 karats of diamonds. It's also emblazoned with Drake's OVO Sound logo -- and definitely seems like the perfect way to celebrate his near flawless dismantling of his rival rapper.

But Dave says it just isn't so ... because Drizzy ordered the ring LONG before the Meek beef started cooking. Dave adds, Drake just wanted "something different" and "sports-like" to toast his label's success.

He insists it's pure coincidence the ring was finished "right in the heat of this battle with Meek Mill."

The duo has also made jewelry for Meek, and Dave thinks the rapper will recover from this PR nightmare ... "But he messed with the 6-God and got handled."