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NEW YEAR'S BEATING!! Ratchet Reality Stars Get Into FIGHT . . . Inside Diddy's $40 MILLION MANSION New Years Party . . . Cause $100K In Damage!!! (Video)

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Two BLACK INK CREW reality stars got into a HUGE FIGHT - inside Diddy's $40M Star Island MANSION.

Diddy opened up his party to celebrity friends - to ring in the new year in style. And well, that was a mistake.

In addition to celebrities - a lot of REALITY STAR RATCHETS were at the event - and it POPPED OFF.

According to's snitches, Rah Ali and Sky from BLACK INK CREW got into a fight - and Rah Ali beat Sky BLOODY.

An insider explained, "They broke up sh*t all in Diddy's house, got blood on stuff. It was real messed up. In a house like [Diddy's] they probably did $100K in damage."

No word yet from Diddy about the F*CKERY that went down last night . . .