Spark plasma sintering was used to consolidate the crystallized Nd–Fe–B alloy powders. It was found that a higher sintering temperature can improve the consolidation significantly, whereas it deteriorates the magnetic properties drastically due to the appearance of a large amount of α–Fe phase and the grain growth. Sintering at lower temperature can preserve the magnetic properties better, while the powders cannot be consolidated into a fully dense compact, even under the higher pressure of 75 MPa. Finer starting powder particles show similar behavior.