Garnet peridotite xenoliths have been rarely reported from suboceanic mantle. Petrographic and geochemical characteristics of garnet-bearing oceanic peridotite xenoliths provide precious information on dynamics of the suboceanic lithosphere and asthenosphere interaction. We examined a lherzolite xenolith included in olivine nephelinite lava from Aitutaki Island, a member of the Cook-Austral volcanic chain. The lherzolite xenolith contains reddish fine-grained (< 5 µm in size) mineral aggregates (FMAs) with size range of 0.5–6 mm, consisting of olivine, calcic and sodic plagioclases, aluminous spinel, native iron, and nepheline. Microstructural observations and chemical data corroborate that the FMA is a decomposed pyrope-rich garnet including chromian spinel grains with an irregular highly indented morphology in the center. The FMA is surrounded by pyroxene-poor and olivine-rich aureole. The spatial and morphological relationships of FMA and chromian spinel with pyroxene-depleted margin suggest a reaction of aluminous spinel + pyroxenes → pyrope-rich garnet + olivine, which requires a compression before decomposition of the garnet to FMA. An orthopyroxene grain shows slight but clear chemical zoning characterized by increase in Al, Ca, and Cr from the grain center to the rim. The zoning patterns of Al and Ca in the orthopyroxene grain can be modeled by diffusion-controlled solid-state reactions induced by pressure and temperature changes, keeping surface concentrations in equilibrium with the other coexisting mineral phases. The results indicate that the mantle, from which the lherzolite xenolith was derived, underwent isothermal decompression followed by a weak heating on a time scale of a few tenths of million years before the xenolith extraction. From the deduced compression and decompression histories, we hypothesize that the mantle beneath Aitutaki Island was once dragged down to a garnet-stable deep mantle region and brought up later by small-scale sublithospheric convection.