The World Bank predicts that the Angolan economy will record in the next twenty years a production boost in diamonds that can turn the country into the world's biggest producer of this mineral.

On a study published Thursday in Luanda, the World Bank states that although Angola occupies the fourth place in the rough diamonds producers rank, it has the potential to become one of the biggest producers worldwide.

For example, the report mentions the fact that Angola currently represents about 12 percent of the world's total production, adding that diamonds in this Southern African country have good quality.

Data from a research called "Angola Economic Memorandum- Crude Oil, Wide growth and Equity" indicate that in 2000 the diamonds reserves of the country were estimated at 40 million karats in alluvium deposits and 50 million karats in kimberlitic reserves. The study results from consultations carried out between the World Bank and the Angolan Executive, between 2004 and 2006.

Source: Xinhua