Results of ∼200 kbar pressure generation at 50 μm distance from the implosion axis of the converging shock wave produced by an underwater electrical explosion of a cylindrical wire array are reported. The array was exploded using a submicrosecond high-current generator (stored energy of ∼4.2 kJ, current amplitude of ∼325 kA, rise time of ∼1 μs). Multiframe shadow imaging of the shock wave was used to determine its time of flight. These data were applied for calculating the pressure at the vicinity of the implosion axis using one dimensional hydrodynamic calculations and the Whitham approach. However, it was found that in the case of wire array radius ≤5 mm, multiframe imaging cannot be used at the final stage of the shock wave implosion because of possible changes in the optical properties of the water. Optical and spectroscopic methods based on either the change in the refraction index of the optical fiber or spectroscopy of the plasma formed inside the capillary placed at the implosion axes were used for shock wave characterization. A satisfactory agreement was found between the results obtained by these methods.