Provided is a composition and especially a cosmetic composition comprising: A) an oily phase and B) an aqueous phase which comprises: a) water, b) a pigment, c) a modified phospholipid, and d) an alkyl substituted diol comprising 5 or more carbons wherein the composition is in the form of an water-in-oil emulsion, and wherein the pigment essentially remains in the water phase. Also provide is a method of producing the composition which comprises: 1) obtaining a mixture of a modified phospholipid and an alkyl substituted diol comprising 5 or more carbons in the alkyl chain 2) obtaining a mixture of water and a pigment 3) combining the mixture of the modified phospholipids and the alkyl substituted diol with the mixture of the pigment and water 4) obtaining an oil composition and 5) combining the mixture from 3) with the oil composition of 4) to form an water-in-oil emulsion.