The British Museum has been gifted one of the world's most prodigious collections of Chinese ceramics, worth £1 billion ($1.27 billion), in what is likely the highest-value donation of art ever received by a UK museum.

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.

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.