An all-fiber isolator as an optical isolator comprises: an optical fiber acting as an optical light guide for propagating incident light; and a Faraday rotator for rotating by 45° a plane of polarization polarized by the polarizer. The all-fiber isolator exhibits a magneto-optic effect enough to be used as an optical isolator at a visible light wavelength by including quantum dots in a core layer and/or an internal cladding layer of the optical fiber.