Sigma-phase Fe 47 Re 53 compound was investigated by means of in-field DC and AC magnetization measurements. Field cooled, M FC , and zero-field cooled, M ZFC , DC magnetization curves were recorded in the magnetic field, H, up to 1000 Oe. AC magnetization measurements were performed at the constant frequency of 1465 Hz in the field up to H=500 Oe. Both types of measurements gave evidence in favor of a re-entrant character of magnetism in the studied sample. Based on characteristic temperatures determined from the measurements magnetic phase diagrams have been outlined in the H-T plane. The diagrams are similar but not identical. The main difference is that in the diagram constructed based on the DC data there is an intermediate antiferromagnetic-like phase which is absent in the AC diagram.Furthermore, the border lines (irreversibility, cross-over and Curie temperature) follow the power law but with correspondingly different exponents. The studied sample was also characterized by determining the effect of H on the degree of irreversibility and that of frustration.