To improve the oxidation and graphitization resistances of the polycrystalline diamond (PCD), Ti coating was deposited on the diamond powders via magnetic sputtering method, which achieved a uniform TiC protection barrier in PCD during the sintering process. The phase compositions, microstructures and thermal stability of Ti-PCD were characterized by X-ray diffraction (XRD), Auger electron spectroscopy (AES), scanning electron microscopy (SEM) and thermal gravimetric-differential scanning calorimetry (TG-DSC). The results demonstrate that the oxidation and graphitization resistances of PCD are strengthened due to the existence of TiC phase, which acts as an effective inhibitor. The as-received inhibitor delays the oxidation and graphitization of PCD, elevating their initial temperature by ∼50 °C and ∼100 °C, respectively. During the annealing treatment of Ti-PCD, the priory oxidation of TiC, which produces TiO2 as an oxygen barrier, postpones the diamond oxide. Moreover, the TiC barrier also protects diamond grains from direct contact with cobalt, thus a lower cobalt-catalytic graphitization, and yields to an improved graphitization resistance of PCD. The enhanced oxidation and graphitization resistances of PCD are of significant importance for practical applications to elevated temperatures.