Boundaries of stability regions (of particles sizes) of diamond and gr
aphite at low pressure and various temperatures have been established
by modeling and computation of free energies of the crystal phases. Th
e results indicate that diamond is the stable modification of carbon,
and graphite is the metastable one at small particle sizes. The diamon
d charge lattice is presented by ion-electron lattice of negative bond
charges and positive ions. The graphite charge lattice consists of he
xagonal ion-electron nets and collectivized conduction electrons locat
ed between the nets. The consideration of conduction electrons in the
graphite model provides the stable graphite structure, since the attra
ction between the conduction electrons and hexagonal nets compensates
the repulsive forces acting between the nets. The intersection of size
dependencies of free energies of diamond and graphite indicates the s
ize-related stabilization of small diamond particles. The established
boundaries of stability regions of diamond and graphite are: 10.2 nm a
t room temperature, 6.1 nm at 525 degrees C, 4.8 nm at 800 degrees C a
nd 4.3 nm at 1100 degrees C.