Well-dispersed nanodiamond(ND) aqueous suspensions in both acidic and alkaline environments is prepared by mechanochemical treatment. All the ND particles in the suspensions are smaller than 100nm in dimension with a narrow size distribution, and no destabilization phenomena were detected in a duration of more than one year. Stable dispersion of ND in the media may attributed to the strong electrostatic repulsion between particles because of the adsorption of dispersants, while mechanical forces may strengthen this adsorption reaction. Good adaptability and applicability of the suspensions to the change of ND concentration and surrounding temperature are observed, and improved performances of ND diamonds are obtained when used in ultrafine polishing and composite plating.