The present invention relates to a pearl pigment obtained by coating the surface of a flaky powder with a colored metal or a colored metal oxide and further coating the surface of the above colored metal- or colored metal oxide-coated flaky powder with a colorless metal or a colorless metal oxide, wherein when the pearl pigment is applied onto the surface of black artificial leather in an average amount of 0.05 mg/cm<2> and the intensity of light reflected from the pearl pigment is measured using illuminant C at a 2 DEG viewing angle with a spectrophotometric colorimeter which is provided with a sheet polarizer S on the light incident side and a sheet polarizer P on the light receiving side, the powder reflection light which is incident to the pearl pigment as a measurement sample at an angle of 45 DEG to the direction normal to the surface of the sample and is received in the direction normal to the surface of the sample has absolute values a<*> and b<*> of 10 or less, and make-up cosmetics containing the pearl pigment.