In this paper, we assess various natural earth pigments as potential colorants and stabilizers for ethylene–norbornene copolymer composites. Several cycloolefin copolymer (COC) composites colored with 2 wt% of a selected pigment were prepared using a two-step mixing method. The aging resistance of the polymer composites was investigated in terms of changes to their mechanical properties, following accelerated aging in the full sunlight spectrum (100, 200, 300, 400, and 500 h). Fourier-transform infrared spectroscopy (FTIR), surface energy measurements, and spectrophotometry were used to assess the color changes, surface defects, and morphology of the composites. Thermogravimetric analysis (TGA) was used to study their thermal stability. The combustion characteristics of the prepared COC composites were evaluated based on the microcombustion calorimetry test (MCC). The application of earth pigments resulted in interesting color changes and a significant improvement in the aging resistance of the COC-filled samples, as evidenced by higher aging factor values and lower carbonyl index parameters compared to the reference (COC). The best results were observed for hematite (HM), gold ochre (GO), and red ochre (RO). In addition, the application of earth pigments, especially iron ochre (IO) and red ochre (RO), in COC contributed to a significant reduction in the heat release rate (HRR) values, indicating improved flame retardancy. This research opens the possibility of producing colorful COC composites with enhanced photostability and reduced flammability for use in polymer applications.