Polycrystalline diamond aggregates have been synthesized by direct conversion of graphite at pressures of 12–25 GPa and temperatures 1800–2500 °C using a multianvil apparatus. The synthesized diamond was optically transparent and colorless, and was of cubic symmetry as determined by micro-focus X-ray diffraction. TEM analyses revealed that the sample consists of minute crystals of typically 10–20 nm, and only a very weak and broad band at ∼1332 cm−1 was observed by Raman spectroscopy. An indentation test demonstrated that the present polycrystalline diamond possesses a Knoop hardness of up to 140 GPa, which is equivalent to or even higher than those of natural and synthetic single-crystal diamonds (∼60–130 GPa) and nearly twice as high as those of synthetic polycrystalline diamonds containing binders (∼50–70 GPa). The present results imply that natural polycrystalline diamonds may have been formed by a rapid transformation from metastable graphite present in cold subducted crust, when encountering in warmer regions, such as rising plumes in the mantle transition region.