02/25/2008 AT 01:55 PM EST
Sean "Diddy" Combs partied the night away on Oscar Sunday – but he still had some time to think about baby gifts for former girlfriend Jennifer Lopez.
On the red carpet at the Academy Award ceremony at the Kodak Theater, the mogul, 38, told PEOPLE that Lopez (now the proud mother of twins
) "is going to make a great mother.
"I'm going to send her some Sean John baby clothes," added the dapper Diddy, wearing a tux by Dolce and Gabbana. "I'm so happy for her. It's such a blessing."
Asked if he had any advice for Lopez, 38, Diddy, who is also the father of twins
, replied, "It's double the love, and it's also double the crying and the screaming, so it's a unique blessed situation. It's a rarity to have twins. She'll be all right."
– Brenda Rodriguez