The invention discloses lead-free crystal glass and a preparation method thereof. The lead-free crystal glass comprises the following components in percentage by weight: 57-61% of SiO2, 23-25% of Na2CO3, 5-6% of NaNO3, 2-3.5% of Na2B4O7.10H2O, 1.4-1.5% of ZnO, 4.3-5% of BaCO3, 0.7-1.5% of Li2CO3 and 0.5-1% of CeO2. According to the lead-free crystal glass, barium carbonate (BaCO3) takes the place of lead oxide, and as barium carbonate is discomposed into barium oxide (BaO) and carbon dioxide under high temperature condition of 1000 DEG C to 1500 DEG C, however, only the refractive index is improved when barium oxide (BaO) is added into glass, the dispersion coefficient is not affected. Therefore, the glass with barium oxide is low in possibility that dispersion and chromatic aberration occur. The lead-free crystal glass has the characteristics of high refraction index (n is greater than or equal to 1.54), high dispersion coefficient (vd is greater than 60) and high transparency degree, and is beneficial for reducing the pattern colors on the back side of the glass more really; a product which is produced by using the glass disclosed by the invention is high in density and has the heavy texture like lead crystal; and in addition, compared with a glass material with lead oxide (PbO), barium carbonate is low in cost and low in toxicity.