PURPOSE: To obtain the new ornamental alloy in which particles having a different color tone are dispersed, by sintering the mixture of ceramics particles having metallized surfaces and a predetermined particle size with a powdery metal body of different color having a melting point lower than that of said particles.

CONSTITUTION: The surfaces of ceramics particles of 0.2W3mm in size are metallized by a method such as electroless plating or metal paste baking. Said metallized particles are mixed with a powdery metal body having a melting point lower than that of the ceramics particles and a different color tone, and then sintered. Thus, the new ornamental alloy in which the particles having the different color tone are dispersed is obtained.