An analysis of our data on 1H and 13C spin–lattice and spin–spin relaxation times and rates in aqueous suspensions of purified nanodiamonds produced by detonation technique (DNDs), DNDs with grafted paramagnetic ions, and micro- and nanodiamonds produced by milling bulk high-temperature high-pressure diamonds is presented. It has been established that in all the studied materials, the relaxation rates depend linearly on the concentration of diamond particles in suspensions, the concentration of grafted paramagnetic ions, and surface paramagnetic defects produced by milling, while the relaxation times exhibit a hyperbolic dependence on the concentration of paramagnetic centers. This is a universal law that is valid for suspensions, gels, and solids. The results obtained will expand the understanding of the properties of nano- and microdiamonds and will be useful for their application in quantum computing, spintronics, nanophotonics, and biomedicine.