Know all about Laterite and Peridotite properties here. All properties of rocks are important as they define the type of rock and its application. Laterite belongs to Sedimentary Rocks while Peridotite belongs to Igneous Rocks.Texture of Laterite is Earthy, Massive, Porphyritic whereas that of Peridotite is Phaneritic. Laterite appears Rough and Banded and Peridotite appears Rough and Shiny. The luster of Laterite is dull while that of Peridotite is shiny. Laterite is available in brown, buff, red colors whereas Peridotite is available in dark greenish - grey colors. The commercial uses of Laterite are an oil and gas reservoir, source of bauxite, used in aquariums and that of Peridotite are creating artwork, gemstone, jewelry, source of chromite, platinum, nickel and garnet, source of diamonds.