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Eventually, the locket was bought by Hepzibah Smith, who also owned Hufflepuff's cup.
Source: https://screenrant.com/harry-potter-7-horcruxes-explained-destroyed/
Hepzibah showed Riddle the locket and cup while he was working at Borgin and Burkes, and he stole both from her, using the murder of a Muggle vagrant to create the locket Horcrux.
Source: https://screenrant.com/harry-potter-7-horcruxes-explained-destroyed/