A curable, powder-based coating composition is disclosed. The coating composition is utilized for coating a substrate, having a first color effect, with a film layer of the coating composition. Application of the film layer to the substrate produces a second color effect different from the first color effect of the substrate. The coating composition includes a powder-based binder. The powder-based binder is the reaction product of a resin and a cross-linking agent. More specifically, the resin has a functional group and the cross-linking agent is reactive with the functional group of the resin. The coating composition also includes a color effect-providing pigment. The color effect-providing pigment includes a pigment substrate and an inorganic coating. More specifically, the pigment substrate has first and second substantially parallel and planar surfaces, and the inorganic coating is disposed on at least one of the first and second substantially parallel and planar surfaces, and the inorganic coating is disposed on at least one of the first and second substantially parallel and planar surfaces of the pigment substrate. Furthermore, the inorganic coating disposed on the pigment substrate has an index of refraction of 1.8 or less.