The present invention relates to a in the form of an emulsion, in particular a water-in-oil emulsion, in particular comprising a physiologically acceptable medium, in particular for coating keratin materials, more particularly for making up and/or caring for keratin materials, such as the skin, containing: —at least one aqueous phase in a content from 60% to 80% by weight relative to the total weight of the composition; and —at least one oily phase at a concentration of less than 30.0% by weight relative to the total weight of the composition and comprising at least one silicone oil; and —at least one hydrophobic coated pigment; and —optionally at least one moisturizing agent at a concentration ranging from 10% to 25% by weight relative to the total weight of the composition; and —at least one emulsifying surfactant. The invention also relates to a process for coating keratin materials, more particularly for making up and/or caring for keratin materials, such as the skin, characterized in that it comprises the application to the keratin materials of a composition as defined previously.