Abstract: A simple variant of a realistic flavor symmetry scheme for fermion masses and mixings provides a possible interpretation of the diphoton anomaly as an electroweak singlet “flavon.” The existence of TeV scale vectorlike T-quarks required to provide adequate values for Cabibbo-Kobayashi-Maskawa (CKM) parameters can also naturally account for the diphoton anomaly. Correlations between V-ub and V-cb with the vectorlike T-quark mass can be predicted. Should the diphoton anomaly survive in a future run, our proposed interpretation can also be tested in upcoming B and LHC studies.