FWIW, (Excelsior)Diamond lathers differently from (Reserve) Waves.
It won't be stringy. It also won't go on in as thick of a layer. However, it goes on in a picture perfect layer of the smallest bubbles imaginable. Then, it will shave equally good (or better, just depending on the day) It doesn't need quite as much water as the reserve base.
You will love it though. I guarantee it. Unless you hate the smell of baseball, then you're out of luck.

The daycare chicks loved the diamond smell that had transferred onto my baby from my aftershave.
BTW, Waves haunts my dreams. I go back and forth on the scent, but it's haunting. It's my childhood shaving journey wrapped up in a jar. My life flashes before my eyes when I use it. My Dad isn't a crazy shaver. He's also quite reserved, and small in stature....But....He wears some formidable fragrances. It's like Robin Hood fearing his father's sword. I'm building my way up to the kind of stuff he wears, and Waves fits into his realm. He wears Fine American Blend which is a wicked strong Yves St Laurent Rive Gauche clone. Like powdery barbershop fougere mixed with Waves. An atomic bomb of masculine. The kind of thing that would make my wife leave me. I bought the cologne and keep it in a closet at work. I don't think I can wear it. I handled the bottle, and my hands smelled like it all night.