The invention discloses a glaze and preparation of an embossment phantom glazed brick. The glaze comprises a ground glaze, a surface glaze and an embossment phantom printing glaze, wherein the ground glaze is prepared from a frit b, zirconium silicate, kaolin, calcined kaolin, potassium feldspar powder, fired talc, aluminum oxide powder, quartz powder, carboxymethyl cellulose, sodium tripolyphosphate and water; the surface glaze is prepared from a frit, the frit b, a frit c, kaolin, carboxymethyl cellulose, sodium tripolyphosphate and water; the embossment phantom printing glaze is prepared from parent glaze powder, zinc oxide, tin oxide, cerium oxide and ceramic adhesive roll-printing oil; the parent glaze powder is prepared from the frit c, kaolin, carboxymethyl cellulose, sodium tripolyphosphate and water. The preparation method comprises the following steps: sequentially applying the ground glaze and the surface glaze on a green brick, then printing the embossment phantom printing glaze, performing inkjet printing, and finally firing to obtain the embossment phantom glazed brick. The product disclosed by the invention has unique decorative effect and visual aesthetic feeling; moreover, each indicator can reach the standard requirements, so that the product has relatively strong universality, and is easily popularized in the industry.