It does seem strange that any diode is there at all. Are you sure nothing else is connected between the buzzer and the diode?
That buzzer is a 12V type and is basically a small, highly resonant, loudspeaker, it does not produce sound by itself, you have to drive it with a pulsed DC voltage at around 2.4KHz. Except possibly to limit spikes from the inductance of the buzzer coil getting back to the driver circuit, it doesn't seem to have much purpose. It begs the question of what might be (but isn't) connected across it on the PCB layout.
FvM's point about the zener diode is one I missed. The band marks the cathode end of the diode and the '+' symbol marks the positive side of the buzzer, if joined together no current will flow through them. The exception would be a zener diode which conducts 'backwards' if the voltage exceeds it's Zener point. It could be used as a voltage dropper, for example if 24V was applied to the circuit and a 12V diode was used, it would drop 12V and leave the 12V across the buzzer. It would be an unusual circuit that did that though.
My guess is that something else connects at the junction of the diode and buzzer.
Brian.