The invention provides a hard alloy large pipe drawing mold and a preparation method. The hard alloy large pipe drawing mold comprises the following raw material ingredients in percentage by weight: 14 to 20 percent of cobalt with a particle size of 1.0 to 3.0mu m, and the balance of tungsten carbide with a particle size of 4 to 5mu m. The preparation method comprises: raw material preparation, wet milling, drying, pressing, forming agent removal and sintering, wherein in the drying step, wax or butadiene rubber is used as the forming agent; the drying with the wax as the forming agent is spray drying; the forming agent remove is performed in a dewaxing and sintering integrated furnace or bell-type furnace; and the sintering is pressure sintering, and during the sintering, the temperature is raised within 11 to 13 hours till a liquid phase of the product appears, then about 40 mbars of high-purity argon is introduced into the furnace till the final sintering temperature of 1,390 to 1,400 DEG C, the temperature is kept for 50 to 60 minutes, then about 50 to 60 bars of high-purity argon is introduced, the temperature is kept continuously for 50 to 60 minutes, and the product is cooled to room temperature. The Rockwell hardness of the hard alloy large pipe drawing mold of the invention is more than or equal to 83HRA, the bending strength of the hard alloy large pipe drawing mold is more than or equal to 2,200MPa, and the density of the hard alloy large pipe drawing mold is 13.40 to 14.20g/cm<3>. And the hard alloy large pipe drawing mold has the advantages of high hardness, high wear resistance, uniform product performance, fragmentation resistance and long service life.