Know all about Oolite and Laterite properties here. All properties of rocks are important as they define the type of rock and its application. Oolite and Laterite belong to Sedimentary Rocks.Texture of Oolite is Clastic or Non-Clastic whereas that of Laterite is Earthy, Massive, Porphyritic. Oolite appears Rounded and Rough and Laterite appears Rough and Banded. The luster of Oolite is pearly to shiny while that of Laterite is dull. Oolite is available in black, blue, brown, cream, green, grey, pink, red, silver, white, yellow colors whereas Laterite is available in brown, buff, red colors. The commercial uses of Oolite are creating artwork, jewelry, used in aquariums and that of Laterite are an oil and gas reservoir, source of bauxite, used in aquariums.