Synthetic refinement of graphene photoluminescence remains challenging because underlying characteristics have not been well understood from polydisperse mixtures of different sizes and surface chemistries. Here, we isolate and characterise different populations of 1–2 layer graphene (1-2LG) each with narrow size range. Small 1-2LG nanosheets down to 25 nm size remained black and non-luminescent with N. and O. additions at their edges, whereas 15 nm nanosheets transitioned into photoluminescence, while retaining substantial sp2 carbon of graphene. Positively-charged amine modifications overcame the repulsion between nanosheets from the negative zeta potential of sp2 graphene faces in water and allowed assembly of similarly-sized nanosheets with large red shifts (>150 nm) taking blue emission into the red. However, more extensive edge modification into carboxyl groups and neutral amides built negative charge at the edges. Together with smaller nanosheet size and reduced sp2 carbon, red shifts were weakened by half in these isolates, which were most modified and more like graphene oxide and carbon quantum dots. N addition to form amines at nanosheet edges, while avoiding O atom addition and carboxyl groups, presents as a simple refinement for synthesis of self-assembling graphene quantum dots with multi-colour emission, which also retain sp2 carbon properties of graphene.