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

FLOYD MAYWEATHER lived up to his ‘Money’ 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.

Floyd Mayweather was presented with a $1m chain

The undefeated boxing legend appeared to be happy with the latest addition to his collection

The custom made chain saw 8,500 300-carat diamonds used

Mayweather was in attendance with a chain as LeBron James became the NBA's all-time leading scorer — Mayweather was in attendance with a chain as LeBron James became the NBA’s all-time leading scorer

But before that, ‘Money’ 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 took 2.6kg of white gold 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.”