 Solution

Diamond can be metastable: its Gibbs free energy is higher than graphite's under ambient conditions, but transformation is kinetically inhibited. Conversion requires substantial rearrangement of the strong carbon-bond network and the formation and growth of a new thermodynamic phase, with an activation and nucleation barrier.

At room temperature the rate can be extremely small even though the free-energy change favors graphite. Thermodynamic stability specifies the preferred equilibrium state, not the time needed to reach it. Persistence of diamond therefore does not contradict graphite's ambient equilibrium stability.