The invention discloses pure natural multi-effect repairing color-variable lip balm with peony seed oil and a method for preparing the pure natural multi-effect repairing color-variable lip balm.The pure natural multi-effect repairing color-variable lip balm comprises the peony seed oil, rosehip seed oil, natural yellow beeswax, rose wax, cocoa butter, shea butter, sweet almond oil, aloe oil, small-molecular squalane, white-red elements and natural vitamin E.The pure natural multi-effect repairing color-variable lip balm and the method have the advantages that effects of preserving moisture, resisting oxidation, reducing pigment deposition of the lips of users, reducing fine wrinkle, resisting bacteria, diminishing inflammation, resisting ultraviolet rays and keeping the lips of the users ruddy for a long time can be integrated on the pure natural multi-effect repairing color-variable lip balm, the lips of the users can be effectively moistened, the pure natural multi-effect repairing color-variable lip balm is good in affinity and high in permeability and can be extremely easily absorbed and utilized by the skins of the lips of the users, diversified nutrients required by the lips of the users can be comprehensively provided, injured cells can be quickly repaired, the activity of the cells of the skins of the lips of the users can be recovered, the fine wrinkle on the lips of the users can be reduced, aging of the lips of the users can be deferred, everlasting ruddy lip colors can be kept, the tender and ruddy lips of the users can be reappear just like the lips when the users are young, and aging of the skins of the lips of the users can be resisted.