Sedimentation dynamics of magnetite (γ-Fe3O4) nanopowders (10 20 nm) in water in the presence of a gradient magnetic field was studied by optical and Nuclear Magnetic Resonance (NMR) relaxometry methods. The magnetic field B ≤ 0.3 T, dB/dz ≤ 0.13 T/cm was produced by the system of permanent strip magnets. The initial sedimentation rate of the nanoparticles in water and under magnetic fields is higher for less concentrated suspensions (c0 = 0.1 g/l) than for more concentrated ones (c0 = 1 g/l). This might be connected with the formation of gel structures due to strong magnetic attraction between ferromagnetic nanoparticles. In the gravitation field, the suspensions of the particles (10 20 nm) remain stable for over 20 hours. The sedimentation process can be greatly accelerated by the action of a vertical gradient magnetic field, reducing the sedimentation time down to several minutes. In a gradient magnetic field enhanced by a steel grid, sedimentation of the nanopowder (c0 = 0.1 g/l) for 180 minutes resulted in reduction of the iron concentration in water down to 0.4 mg/l. In flowing water regime, the residual iron concentration in water 0.3 mg/l is reached after 80 minutes.