A substrate coated with a deposited composite comprising uniformly dispersed hard martial particles in a glassceramic matrix. The deposited bulk composite may comprise uniformly dispersed hard material particles in a glassceramic matrix or hard material particles uniformly dispersed in a glassceramic matrix in a ratio of at least 20% by weight of glassceramic particles and at least 20% by weight of hard material; said mixture having a Vickers hardness of more than 2000 and up to 3000 kg/mm² and demonstrates an extreme toughness, abrasive and wear resistance, high chemical inertness and a high cutting capability properties.