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The colloidal dispersion in a nonpolar medium is an essential material for electrophoretic displays (EPD) with low‐power consumption. A uniform‐sized superparamagnetic iron oxide nanoparticle (SPION) is a promising candidate for EPD, which exhibits tunable structural color by Bragg diffraction. In this study, the surface of SPION is charged in a nonpolar medium by inverse micelles of Solsperse‐17k, an oil‐soluble polymeric surfactant. A photonic ink of SPION dispersion exhibits simultaneous magnetochromism and electrochromism. The photonic ink is encapsulated via a complex coacervation process, in which double layers of gelatin/gum Arabic form a stable shell for µ‐capsule. The µ‐capsules show tunable structural colors, which depends upon the size of SPION in photonic ink. The increased surfactant content in photonic ink brings about a decrease in µ‐capsule size due to a reduced surface tension. A lowered gelatin concentration during coacervation results in a smaller µ‐capsule, which exhibits an electrical color tunability. Optical characterization using a confocal microscopy enables 3D visualization of the inner structure of µ‐capsules and the formation of particle chain structure of SPION in H‐field. The encapsulated photonic ink exhibits magnetochromism for 1 year, illuminating the long‐term stability of µ‐capsules developed in this study.

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