12:44 PM PT -- Turns out the thing Wendy ISN'T giving up during her divorce is her taste for glam. We've learned that ring on that notorious finger is not her original wedding ring, but some very serious flower bling nonetheless.

Wendy Williams isn't letting an ugly breakup and divorce get in the way of a beautiful, massive diamond ring ... and she's making sure everyone knows it.

Wendy's out on the left coast and Thursday night we got her outside Craig's, where she was having a business dinner. Photogs quickly noticed her gajillion-carat wedding ring -- hard not to, it's blinding -- and asked her about it, point-blank.

Watch the vid ... she doesn't speak much, but she says a lot by blatantly flaunting the ring to cameras.

As you know Wendy filed to divorce Kevin Hunter back in April, shortly after he and his alleged mistress had a baby. It's been a nasty split ... with Kevin getting booted from his job as executive producer on her talk show -- and more recently getting into a fight with their son, Kevin Jr.

Despite all of that, Wendy's continued rocking the rock, on and off TV. Don't read anything into it, though -- our Wendy sources say there's absolutely no reconciliation going down.