The event, organised by Take That's Gary Barlow, will celebrate The Queen's 60-year reign. Members of the Royal Family, including her husband The Duke of Edinburgh, will be in attendance at the event, which will be staged in the surroundings of the Queen Victoria Memorial in front of Buckingham Palace.
Others confirmed to perform on the unique stage - designed by architect Mark Fisher - include Jools Holland, Alfie Boe, Annie Lennox, Cliff Richard, Ed Sheeran, JLS, Madness and Lang Lang. More will be confirmed in due course.
"The Diamond Jubilee concert will celebrate the 60 years of The Queen's reign with an amazing lineup of world-class artists coming together to play at one of the biggest and most exciting live music shows in recent years," Barlow said.
"With Buckingham Palace as a backdrop, it's going to be a fantastic event which transcends multiple decades of music. It'll be a great, unique, experience for the thousands attending, watching on TV and listening on Radio. I can't wait!"
A national ballot will see 10,000 members of the public chosen to receive free tickets. Those successful will attend the concert and a Jubilee Picnic in the Buckingham Palace Garden.
Broadcast live on BBC One, BBC One HD and BBC Radio 2 in the UK, American viewers will be able to watch exclusive highlights the following day on ABC.
Danny Cohen, controller of BBC One, said: "BBC One is honoured to be the broadcast host of this magnificent concert to celebrate the Diamond Jubilee. This will be a musical event like no other, with Britain's greatest musical stars performing to celebrate this great occasion."
Ticket applications are now open via www.bbc.co.uk/diamondjubilee. This will close on March 2.
> Queen marks 60 years on throne with Diamond Jubilee message of thanks