Recently election on Stack Overflow was completed, do we need the same here. I think we need so, I'm member for more than one year in DA and I seen very few activity from one diamond here, I think we need a new diamond moderator.
Speaking for myself, and not for the other moderators, I don't think we need another diamond (ie, elected) moderator.
As a point of reference, I read that that average flag handling time on the main Stack Exchange site was a little over 7 hours. Our average is about 1.5 hour right now, and was about 1 hour for a long time. I normally handle 3-10 a day.
SO gets lots of crap questions/answers, but also a lot of trolls, idiots, and other user related problems. Those flags take time to deal with.
Most of our flags are rather easy to deal with, though we are getting more flags on marginal content (eg, poor answers, but still an attempt to answer). I will often take a look at these, and wait for a bit before making a decision. I also let some of these sit to let the 10k users review them, too.
I don't know why our fourth moderator hasn't been visiting much, but I think he is a very valuable asset to the community here and wish he would participate more.
The fact that one of the mods is less active may mean he should retire. But it does not mean we need new moderators. Unless you can show how moderation tasks are not done fast enough, we don't need an election.
I think current team is fast enough, and even when I don't agree with them, I can't say they can not keep up with their tasks.
Of course if you will ever meant to give actual diamonds to us, I'll gladly accept ;)