The research described in the article concerns advanced methods of creating composite materials for drill bits used in extreme conditions of deep wells. The main attention is paid to development of multicomponent mixtures that ensure uniform distribution of powders of tungsten carbide, cobalt, chromium diboride and diamond. This is achieved through careful selection of particle size and proportions, which is critically important to ensure high strength and wear resistance of final materials. The Spark Plasma Sintering (SPS) method was chosen for the production of samples of carbide matrices and composite diamond-containing materials because of its ability to provide high density and uniformity of the material. SPS allows temperature and pressure control during sintering process, which contributes to the formation of materials with optimal physical properties. The article also discusses in detail design parameters of the diamond bit, including the choice of grain size of diamond powder and other components. These meters have been optimized to max-imize drilling efficiency and extend tool life. The diamond powders used in study were obtained from De Beers, South Africa and are characterized by high quality and uniformity. The results presented in the article can have a significant impact on future production of drilling tools, offering new approaches to choice of materials and methods of their processing, which ultimately can lead lower drilling costs and increased process safety. These innovations can also contribute to more efficient development of new fields, which is of great importance for the energy industry and the mining industry.