In 1937, Theodore L. Diamond received a bachelor of arts degree from Lehigh and subsequently, an M.B.A. from Harvard Business School. He was awarded the honorary degree of Doctor of Laws by Lehigh in 1985. As a student, Diamond was president of Sigma Alpha Mu fraternity. He was an Asa Packer Society member since its inception in 1967 and a president of the Lehigh Club of New York. Diamond was a university trustee for more than 15 years. He received a distinguished Alumni Award in 1977 at his 40th reunion.
From 1941 to 1946, Diamond served in the United States Navy, rising from ensign to lieutenant senior grade and executive officer of his station. After working in a family metal trading business, he founded T. L. Diamond & Company, Inc. He was owner and chief executive officer of the international, non-ferrous metal trading firm that also specialized in precious metals, headquartered in New York City. Diamond married Claire Winston in 1946, and they had a daughter, Patricia, and a son, Peter, who is a member of the university’s board of trustees.
In 1970, Diamond acquired a zinc smelter in West Virginia from the Matthiessen & Hegeler Zinc Company and manufactured zinc metallic powder at that location for 33 years. In 1984, Diamond acquired the Eagle Picher Zinc smelter at Hillsboro, Illinois, where zinc oxide pigments were produced for the major paint manufacturers for about 20 years.
At Lehigh, he funded the Theodore L. Diamond Center for Economic Education and Entrepreneurship, part of the College of Business and Economics. Diamond Center programs include the Pennsylvania Governor’s School for Global Entrepreneurship, the Summer Entrepreneurship Adventure, and the Pennsylvania Business Plan Competition. In 1986, he established the Theodore L. Diamond Professorship in biotechnology.
Diamond’s support of the arts at Lehigh was shown by his endowment of the Diamond Theatre in Zoellner Arts Center through the Claire and Theodore Diamond Theater Endowment Fund.
Ted Diamond passed away on February 22, 2012.