Here, we report the fabrication and mechanical properties of submicrometer‐grained (0.29–0.58 μm) transparent yttria ceramics by hot pressing combined with hot‐isostatic pressing. The effects of the grain size on the microhardness and the fracture toughness were studied. An unusual decrease of the fracture toughness with an increase in the grain size was revealed, which may be attributed to the different grain size dependence of the fracture behavior of the ZrO₂‐doped yttria ceramics compared to that of other yttria ceramics. The microhardness and fracture toughness of the transparent yttria ceramics were found to be better than those of the large‐grained yttria ceramics.