Abstract: The object of the present invention is to provide rare-earth system sintered magnets such as R—Fe—B system or R—Co system having excellent magnetic properties, unique configuration of a small size, thin wall thickness and intricate geometry. With the method for preparing the present invention, a granulation of alloy powders can be achieved easily, a chemical reaction between rare-earth system and binder substances can be suppressed, so that the residual oxygen and carbon levels in the sintered products can be reduced. Moreover, by this production method, the flowability and lubricant capability during the forming process can be improved. The dimension accuracy and productivity are also enhanced. A certain type of binder is added to rare-earth alloy powders and kneaded into a slurry state. The slurry is then formed into granulated powders by spray-dryer equipment. The thus granulated powders are molded, and sintered through a powder metallurgy technique.