Know all about Laterite and Schist properties here. All properties of rocks are important as they define the type of rock and its application. Laterite belongs to Sedimentary Rocks while Schist belongs to Metamorphic Rocks.Texture of Laterite is Earthy, Massive, Porphyritic whereas that of Schist is Foliated, Platy. Laterite appears Rough and Banded and Schist appears Layered and Shiny. The luster of Laterite is dull while that of Schist is shiny. Laterite is available in brown, buff, red colors whereas Schist is available in black, blue, brown, dark brown, green, grey, silver colors. The commercial uses of Laterite are an oil and gas reservoir, source of bauxite, used in aquariums and that of Schist are used in aquariums, writing slates.