The main provisions of the concept of technology of diamond cutting and drilling of building structures are considered. The innovativeness of the technology, its main possibilities and advantages are presented. Carrying out works with the help of this technology in underwater conditions expands its use when constructing and reconstructing hydraulic structure. The use of diamond drilling equipment with motors equipped with an internal combustion engine is considered. Drilling holes with a variable diameter during the reconstruction of the runways of airfields makes it possible to combine the landing mats into a single structure. The ability to cut inside the concrete mass, parallel to the front surface, has no analogues among the methods of concrete treatment. The use of this technology for producing blind openings in the body of concrete without weakening the structure is also unique. Work with precision quality in cutting and diamond drilling of concrete and reinforced concrete was noted by architects and began to be implemented in the manufacture of inter-room and inter-floor openings. Non-destructive approach to the fragmentation of building structures allows them to be reused. The technology of diamond cutting and drilling is located at the junction of new construction, repair, reconstruction of buildings and structures, and dismantling of structures. Attention is paid to the complexity and combinatorial application of diamond technology. Economic efficiency and ecological safety of diamond technology are presented. The main directions of further research for the development of technology are indicated.