  The pressure-volume relationship and the zone-center optical phonon frequency
of cubic diamond at pressures up to 600 GPa have been calculated based on
Density Functional Theory within the Local Density Approximation and the
Generalized Gradient Approximation. Three different approaches, viz. a
pseudopotential method applied in the basis of plane waves, an all-electron
method relying on Augmented Plane Waves plus Local Orbitals, and an
intermediate approach implemented in the basis of Projector Augmented Waves
have been used. All these methods and approximations yield consistent results
for the pressure derivative of the bulk modulus and the volume dependence of
the mode Grueneisen parameter of diamond. The results are at variance with
recent precise measurements up to 140 GPa. Possible implications for the
experimental pressure determination based on the ruby luminescence method are
discussed.
