New Delhi, Oct. 17 -- India is looking to expand exports of lab-grown diamonds, coloured gemstones and heritage jewellery by tapping preferential market access under its Free Trade Agreements (FTAs), the Commerce Ministry said on Saturday.

The opportunities were highlighted during the Department of Commerce's "Leveraging FTAs" outreach programme in Jaipur, aimed at helping exporters benefit from India's trade agreements.

According to the ministry's release, India ranks eighth among global gems and jewellery exporters, accounting for 2.9 per cent of the USD 1 trillion global market.

A presentation by Joint Director General of Foreign Trade, Jaipur, Md Moin Afaque, identified export opportunities in lab-grown diamond jewellery, coloured ...