This chapter focuses on the purpose of using diamond as a cutting tool in various ultra-precision machining applications. The complicated structures such as resin and ceramic mold used for making optical lenses are machined by the diamond tool to improve the precision of the finished product. It is difficult to machine hard and brittle materials such as glasses, ceramics, and composites with the assistance of diamond tool due to the complexity in the aspheric surfaces. Moreover, the tool wear is a major problem in machining these hard materials to a fine dimensional accuracy and tolerances. The microscopic defect forms at the cutting edge lead to the damage of the surface finish of the workpiece material. Therefore, the discussions are associated with the achievement of machining hard materials using a diamond tool in ultra-precision applications.