The present invention provides a sparkling dyed double covered yarn comprising: (i) a core yarn; (ii) a first sheath yarn made of a bright polyamide yarn wound around the core yarn to form a single covered yarn; and (iii) a second sheath yarn made of a dyed polyamide yarn wound around said single covered yarn to form a double covered yarn; wherein the first sheath yarn and the second sheath yarn are wound in the same direction. The invention further provides processes for manufacturing a sparkling dyed double covered yarn and fabrics comprising the same.