Abstract: Carbon nanotubes are isolated from a mixture containing the carbon nanotubes and graphite particles by a process including the steps of:finely pulverizing the mixture;dispersing the pulverized product in a liquid medium;centrifuging the resulting dispersion to obtain a supernatant containing carbon nanotubes and graphite particles having a particle size of 0.3 .mu.m or less;separating the supernatant into a solid phase and a liquid phase; andcalcining the solid phase in an oxygen-containing atmosphere at a temperature sufficient to burn the graphite particles and to leave the nanotubes.