British Museum gifted huge collection of Chinese ceramics worth staggering £1billion

Vases dating back to the Yuan dynasty are part of the Sir Percival David Collection that has been donated to the British Museum - (British Museum/PA Wire)

The British Museum is to receive the highest-value gift in UK museum history as it acquires £1billion worth of Chinese ceramics.

Some 1,700 pieces will be donated to the Boomsbury museum by trustees of the Sir Percival David Foundation, whose British businessman founder collected the pieces in Europe, Japan, Hong Kong and China.