Cerium is a very special element in Lanthanide, originating from its mixed valence characteristics. Ce exists in Ce2Fe14B as Ce4+ ion. The lack of 4f electron leads Ce4+ to make no contribution to magnetism. Small ion radius shrinks the Fe-Fe distances and decreases the Curie temperature and saturation polarization of Ce2Fe14B. In addition, it is in favor of CeFe2 Laves phase instead of Ce-rich phase to magnetically decouple Ce2Fe14B grains. Sintered Ce-Fe-B magnet has very poor coercivity. Rapidly quenched isotropic (Ce,Nd)-Fe-B powder can realize reasonable HcJ for certain applications. By dual-alloy or dual-main-phase techniques, using Ce-rich/Nd-lean alloy and Nd-rich/Ce-lean alloy as starting materials, sintered (Ce,Nd)-Fe-B magnet is commercialized with high ratio of performance to cost. The key point is to let Nd-rich phase decouple (Ce,Nd)2Fe14B grains. This article reviews the effects of Cerium on the intrinsic and extrinsic magnetic peroperties of Nd-Fe-B permancent magnets.