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