“The Bold and the Beautiful”'s Don Diamont Lets Loose on Taking Down Victor Newman and That Tiny Red Speedo (Exclusive)

As Don Diamont marks a milestone connected CBS' The Young and nan Restless and The Bold and nan Beautiful, he's looking backmost astatine immoderate of his astir iconic moments connected nan soaps.

While speaking exclusively pinch PEOPLE astatine his 40th day celebration, nan actor, 62, reflected connected his bequest arsenic some Brad Carlton connected Y&R and Bill Spencer Jr. connected B&B.

One of Diamont's astir memorable moments includes a changeable of him hanging poolside wearing his infamous reddish Speedo connected Young and nan Restless — a infinitesimal he ne'er thought would spell down successful soap opera history.

"Little did I cognize astatine nan clip that that Speedo was conscionable going to return connected a life of its ain and really go thing that fans will still talk astir today," he laughed arsenic he recalled backmost to nan scene.

"In fact, I was doing Andy Cohen's power show, [I] locomotion into nan booth. What is nan first point he brings up?" he continued. "He was a immense Y&R watcher and nan first point he brings up is, 'When I saw Brad locomotion retired connected that Speedo, I'm like, this is nan show for me.'"

At nan time, he was making an quality to talk his latest book erstwhile nan speech quickly veered into speedo talk.

"I mean, it was hysterical," he added. "We're talking astir a book that I've written and what does he want to get correct to? The reddish Speedo."

Diamont first joined Y&R successful 1985 earlier he near nan show successful 1996. He yet returned 2 years later and remained connected nan formed until he was killed disconnected successful early 2009. Shortly after, CBS announced that nan character would beryllium joining B&B arsenic Bill Spencer Jr. nan aforesaid year.

When asked who he thought would triumph successful a firm conflict betwixt Bill aliases Y&R's Victor Newman, Diamont replied, "Oh, Bill would hit him for illustration a drum."

"There's cipher that Bill would beryllium successful fearfulness of aliases consciousness that he couldn't vanquish successful a firm battle," he added.

On May 21, Diamont celebrated his 40th day astatine CBS successful a backstage arena attended by his erstwhile costars, friends and family. In a station shared to Instagram, nan character marked nan juncture alongside a bid of photos from nan celebration.

"Hard to definitive nan extent of my gratitude for nan past 40 years of my profession successful general, and for nan beautiful arena a fewer days agone celebrating my 40th Anniversary connected CBS specifically," he began successful nan caption. "The sentiments expressed by ALL touched my soul, and I was blessed to person my family successful attendance."

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After thanking his costars and different loved ones, Diamont extended a statement of gratitude to nan fans who person supported him for nan past 4 decades.

"It’s been rather a thrust between @youngandrestlesscbs and @boldandbeautifulcbs, and we’re not done yet! ‼️🙏🏻❤️‼️" he concluded.