Know all about Oolite and Banded iron formation properties here. All properties of rocks are important as they define the type of rock and its application. Oolite and Banded iron formation belong to Sedimentary Rocks.Texture of Oolite is Clastic or Non-Clastic whereas that of Banded iron formation is Banded, Trellis. Oolite appears Rounded and Rough and Banded iron formation appears Layered, Banded, Veined and Shiny. The luster of Oolite is pearly to shiny while that of Banded iron formation is earthy. Oolite is available in black, blue, brown, cream, green, grey, pink, red, silver, white, yellow colors whereas Banded iron formation is available in red, reddish brown colors. The commercial uses of Oolite are creating artwork, jewelry, used in aquariums and that of Banded iron formation are as a touchstone, cemetery markers, creating artwork.