A method for processing a precision forging of a bearing ring, comprising the following processing steps: (1) preparing a ring blank having a chamfer by means of a machining process; (2) performing low-oxidizing heating or non-oxidizing heating, or not heating; and (3) shaping by means of ring rolling. The machining method in the step (1) is turning; the heating methods in the step (2) are protective atmosphere heating, vacuum heating, rapid heating by electromagnetic induction and heating by applying a protective coating to a ring blank surface; and the shaping by means of ring rolling in the step (3) is completed by means of a ring rolling mill, and a rolling path of the bearing ring is rolled out simultaneously during the ring rolling process so as to carry out integral formation of the rolling path and a ring forging.
