In this study, milled nanodiamonds synthesized from HPHT diamond (MND) were successfully hydrogenated and stabilized in colloidal suspension in water over months. The optimal hydrogenation conditions correspond to a minimization of carbon/oxygen bonds and sp2/amorphous carbon at MND surface as shown by FTIR and XPS. Clean crystalline particles were observed by HR-TEM. The colloidal stability is discussed in terms of sp2 carbon and role of facets. The signature of a surface conductivity was identified by FTIR. A particular arrangement in colloidal suspension of H-MND was observed by Cryo-EM for H-MND with the formation of chain like structures extending over micron range.