AceShowbiz - Brooks Nader, renowned model and former "Dancing with the Stars" contestant, recently sparked engagement rumors with her boyfriend, Gleb Savchenko, but she quickly set the record straight.

The 27-year-old model explained the story behind her eye-catching jewelry after making headlines for a dazzling ring adorned with a large pear-shaped diamond.

She tolf PEOPLE that the ring is not from a proposal but a symbol of self-empowerment. "Why should guys have all the fun?" she declares. "This is my divorce ring - a nine-carat offset pear on a simple gold band - that I designed with my longtime jeweler, Ring Concierge."

Nader views the ring as a celebration of her next chapter. "Women deserve to buy themselves something fabulous just because, so why not a sick divorce ring?!" she says. She also repurposed her engagement ring from her ex-husband, Billy Haire, into a pinky ring.

Nader first sported the ring on November 24 after leaving rehearsals for "Dancing with the Stars." She and Savchenko, 41, were previously partnered on the show, leading to speculation about their relationship.

Weeks later, on December 27, Nader was spotted wearing the ring once more during an outing with Savchenko in West Hollywood. She combined the diamond piece with other casual accessories, including a "ride or die" ring in a horseshoe and a gold band on her pinky finger.

Rumors of a romance between Nader and Savchenko emerged after they were caught kissing backstage at "DWTS." They shared playful TikTok videos and even got matching tattoos. However, they briefly split in October following their elimination from the show.

Despite the separation, the pair reunited, and Nader recently spoke about her bond with Savchenko in an interview with PEOPLE. "He's such a great person and a great guy," she said.

Earlier this month, the duo celebrated their first Christmas together. Savchenko shared a social media post featuring photos of them hiking and a tender kiss, expressing his contentment.