Kind of weird that no consensus have emerged for multiplication (·, ×, *, or horizontal juxtaposition) or division (÷, /, or vertical juxtaposition with horizontal line between) yet.
Clearly, the idea to put those symbols on calculator buttons didn't come from nowhere. I think our collective point is that there exists a separate tradition for using × and ÷.
÷ is the symbol for division since it symbolises a fraction, with the two dots taking the place of the numbers. I'd say this is why, as some people have noted, : can also be used for division in some contexts: it represents a ratio, which is again just a fraction.
The way I was taught it, though, is that ratios are rather different from fractions. You might say 2:1 of tea and honey, but ⅔ tea and ⅓ honey.
However, when describing only one quantity, some people will say 1:2 of honey while others might say 1:3 of honey.
What then happens when you have to split a long line of math?
What then happens when you need to multiply 2 by 2?
The answer to the first question is that the following line is begun with a multiplication sign.
The answer to the second question is that bold roman type is used for vectors and often for other forms of tensor like a matrix to overload the semantics of dot and cross to not be scalar products were either of their arguments in italic.
The / is actually the - from the other symbol and the .'s are placeholders for the numbers to the left and the right of the / so those are in fact pretty close.