ZnS:Fe and ZnS:Fe/ZnS core-shell nanocrystals were synthesized by chemical precipitation method. It was found that the ZnS: Fe based nanocrystals possess zinc blende structure. Compared to ZnS: Fe nanocrystals, the intensity of the X-ray diffraction peaks of ZnS: Fe/ZnS nanocrystals reduced and these peaks moved to lower angles. TEM images show that ZnS: Fe based nanocrystals are spheroidal and the average particles size is about 3~4 nm. PL spectra of ZnS: Fe nanocrystals revealed several mission bands, ~406nm, ~444nm, ~416nm, However, PL spectra of ZnS: Fe/ZnS nanocrystals showed several mission bands, ~420nm, ~432nm, ~449nm.