A primary sintered body having a density of 95% or more obtained by sintering a zirconia powder comprising an yttria main component as a stabilizer under ordinary pressure is set in a vessel of a semi-sealed state and subjected to HIP treatment (secondary sintering) at a temperature of from 1,600 to 1,900°C under a pressure of 50 MPa or higher, and according to need, heated treated in an oxidizing atmosphere, thereby producing a polycrystalline sintered body of zirconia having high transparency of an in-line transmission of 50% or higher.