Genetic diversity refers to the variety of genes within a species. Each species is made up of individuals that have their own particular genetic composition. Within a species there may also be discrete populations with distinctive genes. Speciation is the evolutionary process by which new biological species arise. The biologist Orator F. Cook was the first to coin the term 'speciation' for the splitting of lineages or "cladogenesis," as opposed to "anagenesis" or "phyletic evolution" occurring within lineages.
More diversity will be introduced to gene pool when speciation occurs; as a result of which more and more species will be produced.