Salma Hayek and French billionaire Francois-Henri Pinault have called off their engagement, their rep confirms to USA TODAY. (We so called it earlier this week!)

“We are sad to announce the engagement of Salma Hayek and Francois-Henri Pinault has been canceled. There will be no further comment,” Hayek’s rep said in a statement.

The announcement comes ten months after the couple welcomed daughter Valentina Paloma, who was born in LA.

Earlier this week, Salma took her child Valentina out to lunch, with Francois Henri noticeably missing.

Salma began dating Francois-Henri, who is head of the luxury goods firm that owns Gucci, Yves Saint Laurent and Balenciaga, in 2006 after meeting him in Venice.

Salma Hayek takes her beautiful baby daughter Valentina, 10 months, out to lunch at Taverna Tony’s Restaurant in Malibu, Calif., on Sunday afternoon.

Noticeably missing a lot has been Valentina’s daddy–Francois Henri! When was the last time we saw that guy?

Salma, 41, recently enthused about Valentina, saying, “She sticks her tongue out, she claps at everything. From day one, she’s been smiling and laughing. She’s a very happy baby. Everything she does melts my heart.” More Here! »

Salma Hayek and daughter Valentina Pinault, 8 months, catch a departing flight at LAX airport in Los Angeles on Friday.

Salma, 41, will be at Boston’s Institute of Contemporary Art on Monday to christen Puma’s racing yacht at a VIP dinner. She will be named Puma’s godmother for the company’s new boat and its ocean racing team.

FYI: Salma’s fiance, Francois-Henri Pinault, is CEO of the French luxury goods and fashion conglomerate PPR, which is Puma’s parent company.

Happy Mother’s Day, Salma!

Salma Hayek sports a fake beard on the set of her latest film, Cirque du Freak at New Orleans City Park in Louisiana late last week.

Women with beards? Not attractive.

Salma, 41, was seen on set with her daughter, Valentina Pinault, 7 months.

Cirque Du Freak is about a touring sideshow filled with monstrous creatures including bearded lady Madame Truska, played by Hayek. The film is expected to be released February 19, 2009.

Salma Hayek takes her 6-month-old daughter Valentina Pinault for a shopping spree at the Balenciaga boutique in West Hollywood on Tuesday.

The mother-daughter duo hopped into their environmentally-friendly Prius after their time out and about.

Valentina is Salma’s first child and her French fiancé Francois-Henri Pinault’s third.

Here are the very first candid photos of Salma Hayek with her daughter Valentina, almost four months, taken earlier today.

The mother-daughter duo made stops in Beverly Hills and West Hollywood to go to furniture store shopping at Kartell and Cassina.

Father is Gucci Group CEO Francois-Henri Pinault.

How cute is Valentina????? Muy preciosa!

Here is the very first photo of Salma Hayek with her 2-month-old daughter Valentina Pinault on Tuesday, Nov. 20.

This is Salma’s first child and her French fiancé Francois-Henri Pinault’s third.

The photo was released earlier today by her reps at I/D Public Relations.

Beautiful! Beautiful! Beautiful!

Salma Hayek gave birth to a baby girl today — Valentina Paloma Pinault.

“Mother and child are doing well,” her publicist Cari Ross said in a statement to the Associated Press.

This is Salma’s first child and her French fiancé Francois-Henri Pinault’s third.

Pinault, 45, is the chief executive officer of the luxury goods company PPR while Salma, 41, is (duh) an actress.

Congrats to the couple… and baby Valetina!