Floyd Mayweather splashes out out $1million on white gold, 300 carat diamond chain ahead of Aaron Chalmers fight

FLOYD MAYWEATHER lived up to his nickname as he splashed out on a lavish new chain.

The 45-year-old is set to fight Geordie Shore star Aaron Chalmers on February 25 at London’s O2 Arena.

https://www.instagram.com/p/CoYe3I8utpH/?utm_source=ig_embed&ig_rid=e12e6fd6-f3bc-405d-976d-a67c5f93Floyd Mayweather was presented with a $1m chain[/caption]

https://www.instagram.com/p/CoYe3I8utpH/?utm_source=ig_embed&ig_rid=e12e6fd6-f3bc-405d-976d-a67c5f93The undefeated boxing legend appeared to be happy with the latest addition to his collection[/caption]

https://www.instagram.com/p/CoYe3I8utpH/?utm_source=ig_embed&ig_rid=e12e6fd6-f3bc-405d-976d-a67c5f93The custom made chain saw 8,500 300-carat diamonds used[/caption]

Getty Images – GettyMayweather was in attendance with a chain as LeBron James became the NBA’s all-time leading scorer[/caption]

But before that, “Money” was busy living up to his nickname as he splashed out on a glistening new piece of jewellery.

His latest piece was crafted by jewellery manufacturer Johnny Dang & Co, who showed off detailed shots of the chain while also handing it to the boxing legend.

The chain itself cost an eye-watering $1,000,000 (£825,000) to make.

A whopping 8,500 diamonds were used to create the chain.

This amounted to a total of 300 carats being used, with the retail price for a single diamond carat ranging from £1,600 ($2,000) to £14,000 ($16,000).

It also saw 2.6kg of White Gold used to create it.

This splash out is the latest in a long line of lucrative purchases the American has made in recent years.

It comes after sensational claims from YouTuber-turned-boxer Jake Paul that: “Floyd is broke.”

However, his net worth is estimated to be £1bn ($1.2bn).

Mayweather‘s most recent fight saw him stop KSI’s brother Deji in the sixth round of their bout in November.