Here's something to think about. There is a difference between
thermodynamic stabilty and
kinetic stability. As Mitch puts it
2. Don't confuse thermodynamic stability with chemical reactivity.
Let me explain further:
For us to observe a reaction, it must satisfy two criteria:
1) The reaction must be spontaneous or we must supply enough energy for the reaction to be spontaneous (i.e. we don't see water decomposing into H
2 and O
2 unless we apply a current to the water).
2) The reaction must proceed at a reasonable rate (i.e. if the compound decomposes one molecule every year, the reaction for all intents and purposes is not happening).
So, given the information you provided and the above explanation is the decomposition of diamond to graphite thermodynamically favorable (i.e. satisfying criterion 1)? Is the decomposition of diamond kinetically favorable (i.e. satisfying criterion 2)? Therefore, will we see diamond decompose to graphite?