A magnetic display device comprising a pair of flat-sheet display members formed of a non-magnetic material having transparency at least on its display surface, and a dispersion medium and magnetic particles held between the flat-sheet display members, wherein the display surface of the flat-sheet display member has luster. The magnetic display device has a high decorative effect, which can impart luster such as iridescent luster, iridescence and hologram appearance to images formed.

 
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