The British Museum has received a donation of Chinese treasures worth more than $1 billion from the Sir Percival David Foundation.

The British Museum said on Wednesday it would receive 1,700 pieces of world-renowned Chinese ceramics worth around 1 billion pounds ($1.27 billion), in the largest donation in its nearly 300-year history.

The British Museum is to receive the highest-value gift in UK museum history as it acquires £1 billion worth of Chinese ceramics. Trustees of the Sir Percival David Foundation are to donate 1,700 pieces to the London museum, based in the city’s Bloomsbury area.

British Museum to receive highest-value gift in UK museum history with £1 billion collection - Trustees of the Sir Percival David Foundation to donate 1,700 pieces of Chinese ceramics to the London mu

The 1,700 pieces of world-renowned Chinese ceramics constitute the largest donation in the British Museum’s nearly 300-year history.

The British Museum is to be given Chinese ceramics worth £1bn in what is believed to be the highest-value gift received by a UK museum. The addition of the items from the Sir Percival David Foundation will also make the museum's stock of the antiques one of the most important outside of the Chinese-speaking world.