Abstract— High‐purity separates of presolar diamond were prepared from 14 primitive chondrites from 7 compositional groups. Their noble gases were measured using stepped pyrolysis. Three distinct noble gas components are present in diamonds, HL, P3, and P6, each of which is found to consist of five noble gases. P3, released between 200 °C and 900 °C, has a “planetary” elemental abundance pattern and roughly “normal” isotopic ratios. HL, consisting of isotopically anomalous Xe‐HL and Kr‐H, Ar with high 38Ar/36Ar, and most of the gas making up Ne‐A2 and He‐A, is released between 1100 °C and 1600 °C. HL has “planetary” elemental ratios, except that it has much more He and Ne than other known “planetary” components. HL gases are carried in the bulk diamonds, not in some trace phase. P6 has a slightly higher median release temperature than HL and is not cleanly separated from HL by stepped pyrolysis. Our data suggest that P6 has roughly “normal” isotopic compositions and “planetary” elemental ratios. Both P3 and P6 seem to be isotopically distinct from P1, the dominant “planetary” noble‐gas component in primitive chondrites. Release characteristics suggest that HL and P6 are sited in different carriers within the diamond fractions, while P3 may be sited near the surfaces of the diamonds.We find no evidence of separability of Xe‐H and Xe‐L or other isotopic variations in the HL component. However, because ∼1010 diamonds are required to measure a Xe composition, a lack of isotopic variability does not constrain diamonds to come from a single source. In fact, the high abundance of diamonds in primitive chondrites and the presence of at least three distinct noble‐gas components strongly suggest that diamonds originated in many sources. Relative abundances of noble‐gas components in diamonds correlate with degree of thermal processing (see companion paper), indicating that all meteorites sampled essentially the same mixture of diamonds. That mixture was probably inherited from the Sun's parent molecular cloud.