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A magnet comprising magnetic powder containing at least one rare earth metal element, and an oxide binder for binding the magnetic powder, wherein an inter-face distance of the binder determined by diffraction analysis is 0.25 to 2.94 nm. The disclosure also discloses a method of manufacturing a magnet comprising; compacting magnetic powder containing at least one rare earth element under pressure in a mold; impregnating the compacted magnetic powder molding with a precursor solution of an oxide material; and heat-treating the compacted magnetic molding impregnated with the precursor thereby to impart an inter-face distance determined by diffraction analysis to the binder in the compacted molding. The distance is 0.25 to 2.94 nm.