The invention relates to a self-lubricating wear-resistant ceramic for cutting tools, which is prepared from the following raw materials in parts by weight: 2-3 parts of bismuth sulfide, 2-3 parts of diethanolamine, 2-3 parts of ammonium sulfate, 2-3 parts of magnesium chloride, 2-3 parts of calcium carbide sludge, 2-3 parts of graphene oxide, 0.6-0.8 part of KOH, 0.2-0.3 part of polyoxyethylene castor oil, 3-4 parts of magnesium oxide, 36-40 parts of titanium boride, 4-5 parts of nano tungsten trioxide, 30-35 parts of titanium carbide, 3-5 parts of beryllium oxide, 1-2 parts of silver powder, a right amount of ethanol, a right amount of deionized water, 1-1.5 parts of polyacrylic acid, 1.2-1.6 parts of polyethyleneglycol and 4-5 parts of antiwear assistant. The added nano tungsten trioxide enhances the high temperature resistance of the ceramic. The ceramic has the characteristics of high temperature resistance, high carrying capacity, self lubrication, thermal shock resistance, high wear resistance and the like, and is suitable for manufacturing cutting tools. The antiwear assistant can enhance the wear resistance and heat resistance of the ceramic.