Know all about Obsidian and Banded iron formation properties here. All properties of rocks are important as they define the type of rock and its application. Obsidian belongs to Igneous Rocks while Banded iron formation belongs to Sedimentary Rocks.Texture of Obsidian is Glassy whereas that of Banded iron formation is Banded, Trellis. Obsidian appears Shiny and Banded iron formation appears Layered, Banded, Veined and Shiny. The luster of Obsidian is vitreous while that of Banded iron formation is earthy. Obsidian is available in black, blue, brown, green, orange, red, tan, yellow colors whereas Banded iron formation is available in red, reddish brown colors. The commercial uses of Obsidian are creating artwork, mirror, used in aquariums and that of Banded iron formation are as a touchstone, cemetery markers, creating artwork.