Timbaland's family put the producer on suicide watch last night.  We've got the deets on what led to all the drama when you read on...

*UPDATED*

According to TMZ, super producer Timbaland had about $2 mill worth of jewelry stole from him at his Malibu home, and he didn't take it so well.  His family could not locate him around 8p ET yesterday, so they got the police department involved.  And said there may have been a possible suicide attempt:

Timbaland was on the phone earlier in the day with his brother-in-law ... deeply upset about something. We're told one of the things that was eating at him was a theft at his Malibu residence a day before. Someone had stolen a crazy expensive Jacob & Co. watch -- valued at $2 million -- and Timbaland suspected it might have been someone he trusted.

Timbaland left his home yesterday and began driving. Family members couldn't locate him, became extremely worried and called the Sheriff's Department.

We're told the helicopter located the Escalade, ground crews pulled Timbaland over and began talking to him. At some point they put Timbaland in a patrol car and took him to his residence, where they continued speaking with him and family members.

Deputies called for paramedics to come and evaluate Timbaland. After the evaluation, paramedics determined Timbaland was not a threat to himself and left.

I really hope the fam just over reacted and Tim didn't try to kill himself over a piece of jewelry.  No matter the worth.  This was also the night before the 9 year anniversary of the death of one of his closest friend's, Aaliyah.  Maybe that had something to do with his short disappearance as well...

UPDATE: Timbaland just told Ryan Seacrest on his show this morning that he simply took a drive to clear his head.  Basically his family overreacted.  So there you have it.

And here's the 911 call from his mother where she tells the police Timbaland was "tired of the stress" and wa sby a cliff and a canyon.  The LA County police sent out a "possible suicide atempt" APB right afterwards.