Hip-Hop mogul Sean "Diddy" Combs lost a ring worth of $20,000 but jokingly said he "didn't like" the jewelry anyway.

Diddy appeared 106 & Park on BET network last week with his Dirty Money band mates and lost the pricey ring while throwing bundles of cash into the air while making his studio entrance. Fans were placed on lockdown as they were searched for the missing jewelry but the ring was nowhere to be found.

On his official Twitter page, Diddy blogged: "The craziest s#*t just happened to me... I guess its s*%ting on me season... Enjoy it while it lasts!!! life is crazy!"

"A lot of people askin (sic) about a ring I lost. Yes I did. And that's OK. I lose things too. You win some you lose some My loss is anothers (sic) gain. It's OK to lose things because it makes you appreciate what you still have! I didn't like that ring anyway," he posted online.

In related news, Diddy is currently working on his new album Last Train To Paris, an effort he says includes collaborations from some of the biggest names in the industry including Rick Ross, Lil Wayne, T-Pain, Drake, and possibly Jay-Z. The project is Diddy's first album with the newly formed Dirty Money, a group consisting of himself, Dawn Richard of Danity Kane fame, and singer/songwriter Kalenna.

Despite being talked about for over a year, the album is not due in stoes until April 2010.