Chemically ordered hard magnetic L10-FeNi phase of higher grade than cosmic meteorites is produced artificially. Present alloy design shortens the formation time from hundreds of millions of years for natural meteorites to less than 300 hours. Electron diffraction detects four-fold 110 superlattice reflections and a high chemical order parameter (S 0.8) for the developed L10-FeNi phase. The magnetic field of more than 3.5 kOe is required for the switching of magnetization. Experimental results along with computer simulation suggest that the ordered phase is formed due to three factors related to the amorphous state: high diffusion rates of the constituent elements at lower temperatures when crystallizing, a large driving force for precipitation of the L10 phase, and the possible presence of L10 clusters. Present results can resolve mineral exhaustion issues in the development of next-generation hard magnetic materials because the alloys are free from rare-earth elements, and the technique is well suited for mass production.