The present invention is directed to a coated bismuth oxy halide-based pigment having a coating comprising an antioxidant, said antioxidant is being a phenol based, a phosphite or phosphonate based, or a thioether based stabilizer, and the coating comprising an inner coating and an outer coating, wherein the outer coating comprises the antioxidant, and wherein the inner coating comprises a first layer consisting of one or more salts, or one or more oxides, heteropolyacids, organic acids, sulphites, sulfides, sulfates, phosphates, pyrophosphates, polyphosphates, hydrates, carbonates, or a combination thereof, selected from the group of alkali-earth metals, metals, non-metals, transition metals or lanthanides. Further, the present invention is directed to a composition comprising a paint, alacquer, an ink, a cosmetic, a resin, a plastisol or a polymer formulation, and such pigment. In addition, the present invention is directed to a method for manufacturing a coated bismuth oxy halide-based pigment, said method comprising the steps of: - providing a dispersion of a bismuth oxy halide-based pigment, adding a dispersion of an antioxidant, mixing and drying.