The correct option is
B high pressure and high temperature
Conversion from diamond to graphite is an exothermic reaction as
Δr is negative. Hence, it is an exothermic reaction. So, on increasing the temperature, we are increasing the heat of the reaction. This excess heat can be absorbed in an endothermic reaction. Endothermic reaction takes place during formation of diamond.
Also, during the conversion from diamond to graphite the density of carbon decreases. And density is directly proportional to the molecular mass or the number of moles formed. Hence, number of moles decreases on formation of graphite. If we increase the pressure, density of graphite will decrease. So, the reaction will move such as to increase the density, that is in backward direction.
Thus the reaction takes place at a higher temperatures and higher pressure.