A coated piston ring having a base body of chromium steel with more than 10 wt.-% chromium and having an inner circumferential surface, a first flank surface, a second flank surface and an outer circumferential surface. The first flank surface comprises a nitride diffusion layer with a layer thickness of from 5-300 μm, a nitride connecting layer with a layer thickness of from 0.5-15 μm on the nitride diffusion layer, and an oxide layer with a layer thickness of from 0.05-3 μm on the nitride connecting layer. The second flank surface comprises the nitride diffusion layer, and the outer circumferential surface comprises the nitride diffusion layer and a chromium solid particle layer with 0.1-30 vol.-% solid particles, relative to the total volume of the chromium solid particle layer on the nitride diffusion layer.