Trust me, if you believe in quantum mechanics at all, electron 'orbits' within atoms are about as different from planetary orbits as it is possible to get ;-) You simply cant apply macroscopic scale physics to the microscopic (as in atom scale) world, it simply breaks. It has been said that macroscopic physics is an approximation of quantum mechanics for where the 'uncertainty' limit is zero, rather than [d]h[/d]/2PI...
There's no real mystery about planetary orbts. Gravity is holding neptune in orbit. The sun's gravitational influence extends a hell of a lot further than that, too. Gravity as 'matter' is an explored idea, do a search for 'graviton' particles.
Regarding diamond, it's a very poor conductor. However, if you dope it with boron, nitrogen or similar atoms you can make semiconductors from it. Diamond has very good thermal conductivity, making it a very good future substrate, though it's expensive to make at the moment.
Having said that, carbon under billions of atmospheres of pressure and at tens of thousands of degrees kelvin, who knows what properties it would have?