A method for producing a pearly luster composition containing pearly luster particles (A) containing a fatty acid glycol ester (a1) and a fatty acid glycol ester (a2) having a melting point higher than the melting point of the fatty acid glycol ester (a1), and a surfactant (B), wherein the method includes the steps of (i) solubilizing the fatty acid glycol ester (a2) in the presence of the surfactant (B) (ii) mixing the solubilized solution obtained in the step (i) with a molten fatty acid glycol ester (a1), to emulsify the mixture and (iii) cooling the emulsified mixture obtained in the step (ii), to precipitate the pearly luster particles (A) a pearly luster composition obtained by the method and a shampoo containing the pearly luster composition. The pearly luster composition obtained by the present invention is suitably used for shampoos, conditioners, body shampoos, liquid detergents, and the like.