The IAAF Diamond League encompasses 32 Diamond Disciplines, following a championship style model. Athletes earn points at the qualification meetings to qualify for the final of their discipline.

Each of the disciplines is staged six or four times before the Final. At each of the 12 qualification meetings, Athletes are awarded 8, 7, 6, 5, 4, 3, 2 or 1 points for ranking 1^st to 8^th respectively. The top 8 or 12 Athletes (depending on the discipline) will be awarded a start at the Final. In case of a tie, the best legal performance of the qualification phase wins.

The winner at the Final of each Diamond Discipline will become "IAAF Diamond League Champion" and be awarded a Diamond Trophy, USD 50'000 prize money and a wild card for the IAAF World Championships (certain conditions apply).

Points at qualification meetings:

Each athlete crowned IAAF Diamond League Champion wins USD 50,000 worth of prize money at the end of the season. With two finals, each staging 16 Diamond Disciplines, the total prize money awarded amounts to USD 1,600,000. 

At each of the Qualification Meetings, USD 30,000 of prize money will be awarded per discipline. Each Qualification Meeting will stage either 14 or 13 Diamond Disciplines, meaning the total prize money awarded at a single Qualification Meeting will total either USD 420,000 or USD 390'000.

plus rewards for 9th-12th place finishers in distance races and ninth-lane runners in sprints.