This article presents a review of the current research into the diamond retention capacity of metal matrices, which largely determines the service life and working performance of diamond tools. The constitution of diamond retention capacity, including physical adsorption force, mechanical inlaying force, and chemical bonding force, are described. Improved techniques are summarized as three major types: (1) surface treatment of the diamond: metallization and roughening of the diamond surface; (2) modification of metal matrix: the addition of strong carbide forming elements, rare earth elements and some non-metallic elements, and pre-alloying or refining of matrix powders; (3) change in preparation technology: the adjustment of the sintering process and the application of new technologies. Additionally, the methods used in the evaluation of diamond retention strength are introduced, including three categories: (1) instrument detection methods: scanning electron microscopy, X-ray diffractometry, energy dispersive spectrometry and Raman spectroscopy; (2) mechanical test methods: bending strength analytical method, tension ring test method, and other test methods for chemical bonding strength; (3) mechanical calculation methods: theoretical calculation and numerical computation. Finally, future research directions are discussed.