Las Vegas police confirmed rap star 50 Cent is not a suspect in an alleged $250,000 jewelry robbery that occurred while he was recently in town to attend the Floyd Mayweather vs. Manny Pacquiao championship fight.

According to Billboard, a Los Angeles-based jewelry store owner told local police he was robbed of the valuables near the gym where Mayweather was training. As of yet, police have not identified any suspects.

TMZ adds LAX Jewelry Co. owner Robert Marin told police he had come to town to show the rapper a diamond watch and a chain in hopes of negotiating a sale price with him. He alleges his attackers were bodyguards of the rap star and that they beat him at gunpoint.

Police Officer Jesse Roybal told reporters Marin suffered minor injuries and, on the morning of the May 2 attack, flagged down officers near Spring Mountain Road.

Born Curtis Jackson, attorneys for the hip hop star immediately shot down all rumors of his involvement, with lead attorney Scott Leemon deeming accusations "baseless and false." Marin reportedly has not responded to any messages left for by reporters.

After a running feud, the rap star and Mayweather recently patched up their airtight relationship.

"We've been good," 50 told recently told reporters. "My younger brother happens to be the best fighter in the world and makes $200 million dollars in 36 minutes. How do you tell him what to do?"

The rapper later added: "Sometimes he's not right. Because everyone else is codependent, they can't agree. You have that argument until he starts to look at it and go, 'Alright, he was right.'"

The two's feud dates all the way back to 2012, right after Mayweather was released from a Vegas jail after serving a 60-day sentence on domestic abuse related charges.