An illuminated indicator and a method of manufacturing the illuminated indicator that can make black the color of an indicator mark formed by irradiation with laser light are provided. In a shift position indicator panel, part of a light-blocking coating material layer and a design coating material layer is removed by irradiation with laser light, and part of an indicator coating material layer, which is created as a result of coating materials of three primary colors being mixed together, is exposed, whereby an indicator mark is formed. As long as the mixed coating material configuring the indicator coating material layer is made black by toning resulting from mixing coating materials of three primary colors, the color of the indicator mark also becomes black.