The invention relates to the technical field of leather processing, in particular to a preparing method for pearlescent leather. The method includes the processes of material selecting, foaming, plate pressing, ground color applying, pearlescent pigment spraying, manual color smearing, color fixing and drying. Traditional second-layer pig skin leather can only be applied to a lining and a rear cover of a material or be sold out as a waste material to be used as reclaimed leather. An inventor creatively starts to use second-layer pig skin, the feature of the second-layer pig skin is improved, the technology of foaming positive ion foaming resin is used for shielding rough pores of the second-layer pig skin, then plate pressing, ground color applying, pearlescent pigment spraying and manual color smearing are conducted, finally, the resin is used for color fixing, the obtained leather has the smoothness and the glossiness of the top-layer pig skin, pearlescent paint on a sprayed surface enables the product to become beautiful and colorful and have a very strong pearlescent three-dimensional effect, the added value of the leather is greatly improved, the prepared pearlescent leather can be used as the face layer of the leather, the application range is wide, and the economic benefits are high.