I don’t understand how people can walk around with thousands, maybe millions of dollars worth of jewelry and not have security on hand. And aren’t we still in a recession? And I thought that rappers were downsizing their jewelry because of the recession.

“Bling-loving hip-hop mogul Diddy accidentally flung a diamond-studded ring into a raucous crowd as he hurled bundles of cash off a stage at a Midtown studio — sparking an audience frisking that had attendees feeling like common criminals, The Post has learned.

The rapper/producer, whose real name is Sean Combs, had security search all 160 audience members after filming wrapped on the BET music-video show “106 & Park” before they were allowed to leave.

The search came up empty.

“The craziest s- – - just happened to me lol I guess its s- – - -in on me season . . . Enjoy it while it lasts!!!!! lol life is crazy!” Diddy posted on his Twitter page soon afterward.

It was not clear which of the rapper’s rings disappeared at the CBS studios on West 57th Street, but a staffer told the audience it was worth $20,000.

“He ain’t getting’ it back,” one witness said. “Someone pocketed that, and they probably took it to the nearest jeweler.”

At the beginning of the show, Diddy and members of his new hip-hop group, Dirty Money, could be seen prancing around the stage tossing wads of fake $100 bills.

Sources said there were about $25 to $100 in singles mixed in with the funny money.

In the midst of the frenzy, a bewildered Combs suddenly looked down at his hands and walked out of view.

“As he was throwing the money out to the audience, his ring flew off,” Polanco said.

As soon as the cameras cut, the host announced that the bling had disappeared, sending already-riled audience members dropping to their knees.

The rapper’s staff even tried to rip up part of the set in an effort to find the ring, a source said.

The rest of the show went on as planned.

BET said that audience members were screened using a metal-detecting wand and that no one was detained.” (source)

Diddy must be thinking ass backwards because how can you toss fake money and wear real jewelry? You don’t see Beyonce wearing her $5 million dollar wedding ring and we know she loses jewelry when “Sasha Fierce” takes over.

Seriously, what was Diddy thinking? Couldn’t this happen to someone like Soulja Boy or T-Pain, who, by far, have the most ridiculous chains ever? Who could forget the “Big Ass Chain” and the remote controlled Lambo chain? Now, those are chains worth losing.

And this is why I wear costume jewelry. At least I know I won’t get robbed. I would rather get clowned for wearing some plastic fake bling than lose my jewels or get robbed for them.