In a display element in which three or more display
layers for displaying mutually different color lights are stacked within one pixel and which controls display states of the plural display
layers by applying a
voltage from the outside of the plural display
layers, eight colors-white, black, blue, green, red, cyan,
magenta, and yellow-can be displayed within one pixel. Display layers having cholesteric liquid crystals selectively reflecting blue, green, and red lights are stacked between a pair of substrates, and a light
absorption layer is formed on the back of the substrate of a non-display side. Threshold voltages of orientation change of the display layers are mutually changed, and a
threshold voltage Vpf90(A) of change from a planer state to a focal conic state of the display layer having the highest
threshold voltage is made higher than a
threshold voltage Vfh90(C) of change from a focal conic state to a homeotropic state of the display layer having the lowest threshold
voltage.