Partially and fully stabilized zirconia is one of the most important high tech (high performance) materials used in many diverse fields such as chemical gas sensors [1], high temperature refractories [2], etc. Much experimental work is being carried out to synthesize highly reactive, uniform submicrometre particle size distribution of pure and stabilized zirconia by using the following conventional preparation techniques such as attrition milling [3], reaction sintering [4], coprecipitation and decomposition of the sol-gel [5, 6], hydro-thermal processes [7], spray-ICP technique [8], and arc melting [9]. These techniques have some advantages and disadvantages. For example, attrition milling suffers from many drawbacks. Firstly, it lacks uniformity and homogeneity of the product. Secondly, this technique involves ball milling over an extended period of time which introduces lattice defects and strains in the materials. In the case of the coprecipitation technique, the control of the pH value is very critical. Other techniques are rather laborious and costly.We attempted to prepare pure as well as 5 mol % calcia-doped zirconia by a novel technique used successfully in our laboratory to synthesize other high tech reactive products [10][11][12][13]. This method is known as the liquid mix technique. Full details of this method have been discussed elsewhere [14] but a brief outline is given below. The required amount of calcium carbonate AR grade (Loba