Dy:Lu 2 O 3 was grown by the float-zone (Fz) method. According to the absorption spectrum, the Judd-Ofelt (JO) parameters Ω 2 , Ω 4 , and Ω 6 were calculated to be 4.86 × 10 −20 cm 2 , 2.02 × 10 −20 cm 2 , and 1.76 × 10 −20 cm 2 , respectively. The emission cross-section at 574 nm corresponding to the 4 F 9/2 → 6 H 13/2 transition was calculated to be 0.53×10 −20 cm 2 . The yellow ( 4 F 9/2 → 6 H 13/2 transition) to blue ( 4 F 9/2 → 6 H 15/2 transition) intensity ratio ranges up to 12.9. The fluorescence lifetime of the 4 F 9/2 energy level was measured to be 112.1 µs. These results reveal that Dy:Lu 2 O 3 is a promising material for use in yellow lasers.