>>13
First, I admit I'm not sure exactly how diamonds change to graphite over time, but it does happen, and takes millions of years (can't find data at the moment).
Given anything, if you abrade it long enough, it will _eventually_ disintegrate. Every time you use that diamond drill, some carbon atoms are falling off. I claim that this process is far faster than the transition to graphite (continuous abrasion will destroy a diamond long before a million years). As a result, most of the carbons close to the surface will get rubbed off long before they get a chance to turn to graphite.