Hu Jia of China was the surprise winner of the men's 10m platform gold medal after producing a stunning final dive.
Hu Jia (centre), Robert Helm (left) and Tian Liang show their medals
Jia's last dive was given five 10s for a score of 100.98 points, the night's highest score, and a 748.08 total.
Australia's Mathew Helm took the silver with 730.50 and defending champion Tian Liang of China the bronze with 729.66.
British duo Peter Waterfield and Leon Taylor, who won silver together in the synchronised 10m event, finished fifth and sixth with 669.24 and 663.12.
Canada's world champion, Alexandre Despatie, silver medallist in the 3m springboard event, had a patchy time in the final and finished fourth.
The 21-year-old Jia, silver medallist from the Sydney Games, earned China a record sixth Olympic diving gold.
He said: "There was a lot of pressure on me. Almost everyone in the Chinese diving team has won a gold medal.
"In the past four years I've always put the gold medal as my aim. There has been a lot of pain and setbacks but I've never given up."
British hope Waterfield had left himself with too much to do after starting the final in 11th place, 28.95 points behind the then leader Despatie.
Consecutive dives worth 80.19 and 93.84 in rounds four and five propelled the 23-year-old up the leaderboard but he could go no higher.
Instead, there was a personal duel with his training partner Taylor which Waterfield won as his team-mate struggled to find his best form.
"It was a really good effort to come fifth," said Waterfield. "I had to catch up 28 points from the semi-finals so I am really pleased. It was a really strong field and the standard was very high."
Taylor said: "Sixth in the Olympic Games is a great achievement but I came into this event wanting to win a medal so I am a bit disappointed.
"I am disappointed that I did not dive at my best but I have an Olympic medal and all in all I am very happy."