LUANDA, Nov. 27 (Xinhua) -- Angola will become in 2010 one of the three largest diamond producers considering the new investments and mining contracts, said a study issued here on Thursday by the KPMG consulting firm.

    The study said Angola will be able to produce 19 million karats in 2010, surpassing 9.7 million karats recorded in 2007.

    With the goal of exporting diamonds with a more added value, Angola's state-run diamond company Endiama-EP is considering the establishment of a second diamond-processing factory in eastern Lunda Sul province with a designed output value of 20 million U.S. dollars per month.

    In addition, said the study, Endiama-EP has been developing a project meant to create a factory for diamond jewels production with a workforce of 400 employees.

    Official statistics show that there is a strong possibility of improving quality of diamond products due to investments by Endiama, a firm that has signed various contracts with many international famous diamond cutting and polishing firms.

    Angola is currently the fifth largest diamond producer in the world after Botswana, Russia, Canada and South Africa.