Diamond-like (DL) chalcophosphates, which possess the merits of impressive second-harmonic-generation (SHG) responses, strong laser-induced damage thresholds, and low melting points, are highly desirable for IR nonlinear-optical (NLO) applications. Herein, a new quaternary DL chalcophosphate, Cu 5 Zn 0.5 P 2 S 8 , is successfully discovered, taking known Cu 3 PS 4 as the template via a single-site aliovalent-substitution strategy. It crystallizes in the orthorhombic system with noncentrosymmetric space group Pmn2 1 , and the 3D DL structure is built by corner-shared [(Cu/Zn)S 4 ], [CuS 4 ], and [PS 4 ] tetrahedra. Compared with its parent Cu 3 PS 4 , Cu 5 Zn 0.5 P 2 S 8 exhibits a good phase-matching capability and a sharply enhanced SHG effect (10Cu 3 PS 4 ) benefiting from partial Zn substitution. Moreover, the structure−performance relationships have been illustrated by means of theoretical investigations. Such an aliovalent-substitution strategy based on known DL semiconductors might be widely applied for the discovery of high-performance IR NLO crystals.