The post has attracted over 11,000 comments from his 14.1 million followers on the social media platform.
Although Davido did not indicate the cost of his new jewellery, bought from Atlanta, Georgia based Icebox Diamonds and Watches, one report estimated it to be around $400,000.
In November, he gifted Zlatan Ibile, a musician that he mentored, a gold necklace worth $40, 000.
“”Gave my brother 40 k off my neck!!!!!!!! I remember bringing him to Dubai last year and no one knew Him!! Now he da hottest ARTIST IN AFRICA!!!!! Love u bro !! @zlatan_ibile,” he wrote.
Also in November, he spent close to $100,000 on customised gold jewellery for all members of his 30 billion gang. SHARE THIS NEWS USING ANY OF THE BUTTON BELOW PLACE YOUR TEXT ADVERT BELOW ⬇⬇⬇