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Rihanna Shows Off Nipple Ring In Sheer Dress On New Year's (PHOTOS)

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While Lady Gaga was changing three times for her New Year's Eve celebration, Rihanna stuck to just one outfit -- with a racy twist.

The Barbadian singer rang in 2012 at P.Diddy's New Year's Eve party in Miami in a sheer black dress with a plummeting neckline that revealed a glimpse of the piercing on her right breast.

It's not like Rihanna's been coy about her risque piercing in the past: we glimpsed it here. And here. And here. And here.

So is Ri-Ri's sheer dress a "wardrobe malfunction," like the Mirror proclaims?

We think it's more just the girl showing off, and with a body like that, we don't blame her.

Check out pics of Rihanna's sexy New Year's style (slightly NFSW!) below.

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