An ultraviolet ray curable ink composition is provided. The ultraviolet ray curable ink composition contains a polymerizable compound; and an aluminum pigment subjected to a surface treatment with a phosphate compound. The aluminum pigment subjected to the surface treatment with the phosphate compound is subjected to an X-ray photoelectron spectrometer to obtain an X-ray photoelectron spectrum having a wave form. Thereafter, when a waveform separation was performed by using a Voigt function in such an X-ray photoelectron spectrum, the X-ray photoelectron spectrum has peaks in the rage of 190 eV or more but 192 eV or less. A printed object is also provided. The printed object is produced by applying the ultraviolet ray curable ink composition onto a recording medium, and then irradiating the ultraviolet ray curable ink composition with an ultraviolet ray.