P Diddy 'Loses Ring Then Frisks Fans'

P Diddy locked down a building and had fans frisked, after he lost a $20,000 ring.

The rapper was throwing cash into a studio audience, when the bling flew off his finger, says the New York Post. Members of the audience were then searched, although the item was never found.

"A lot of people askin' about a ring I lost. Yes I did. And that's ok." Diddy wrote on his Twitter page. "I lose things too. You win some you lose some. My loss is another's gain."

"Its ok to lose things because it makes you appreciate what you still have! I didn't like that ring any way! Lol lol let's goooooo!"