WC–Co nanocomposite powder produced by spray pyrolysis–continuous reduction and carbonization technology, diamond coated with tungsten (W) by vacuum vapor deposition and uncoated diamond were used in this study. This work adopted the spark plasma sintering (SPS) process to prepare diamond-enhanced ultrafine WC–Co cemented carbide composite material. The effects of W buffer on the stability of diamond with WC–Co nanocomposite powder during SPS were investigated. Results showed that the uncoated diamond was mechanically embedded in WC–Co cemented carbide matrix, while the diamond coated with tungsten was combined chemically with WC–Co cemented carbide matrix. Moreover, there was a transitional layer between the diamond and the matrix which could improve the thermal stability of the diamond, prevent carbon atom of the diamond from dissolving in Co phase and increase the bonding strength of the interface between the diamond and the matrix.