(a) 100 parts by weight of a pigment; (b) 3 to 30 parts by weight of at least one sulfonic acid group-containing derivative of a pigment of the same pigment type as (a); and (c) water, wherein (i) component (b) comprises a pigment derivative which has only one sulfonic acid group in each molecule, (ii) at least part of the pigment derivative (b) is present, in the dispersion, in the form of a sulfonic acid salt selected from an ammonium salt, an organic amine salt and a salt with a monovalent metal, provided that at least 15% of the sulphonic acid groups do not form a salt with the monovalent metal, and (iii) the dispersion contains 500 ppm or less of solid metal ions having a valence of at least 2.