Bellucci, who took the event as a qualifier in 2009, dropped the first set to Tipsarevic but rebounded for a 6-7 (6-8), 6-4, 6-2 triumph.
The Brazilian broke serve once in the second set and twice in the third while winning all but six points on his serve in the final set en route to the victory.
It was the third career title for Bellucci, while Tipsarevic came up a bit short in his bid to take home two crowns in two weeks -- he won last week's event in Stuttgart.
The Serb to 3-7 all-time in finals.
2014: The Year in Music [PHOTOS]