The invention relates to a semitransparent fluorescent 
powder / glass composite luminescent 
ceramic wafer and a preparation method thereof. The semitransparent fluorescent 
powder / glass composite luminescent 
ceramic wafer is obtained by carrying out '
pelletizing, compression moulding and 
sintering' on fluorescent 
powder and low-melting-point glass powder, wherein content of the fluorescent powder is 30-85wt%, and the content of the low-melting-point glass powder is 70-15wt%. The preparation method of the semitransparent fluorescent powder / glass composite luminescent 
ceramic wafer comprises the following steps: firstly, uniformly mixing fluorescent powder with glass powder in certain proportion, and adding a binding agent required by 
pelletizing and demoulding, so that pelletized powder of 60-100 meshes is obtained; secondly, carrying out compression moulding on the obtained pelletized powder by virtue of a mould, so that a 
green body of a certain shape is obtained; thirdly, carrying out heat treatment, namely carrying out glue drainage on the 
green body for 2-4 hours at the temperature of 300-395 DEG C, and 
sintering for 1-2 hours at the temperature of 395-410 DEG C, wherein the whole heat treatment process is carried out in the 
air atmosphere; and finally the fluorescent powder / glass composite luminescent ceramic wafer is obtained.