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