Luminescent carbon nanoparticles are a relatively new class of luminescent materials that have attracted the increasing interest of chemists, physicists, biologists and engineers. The present review has a particular focus on the synthesis and luminescent properties of carbon nanoparticles dispersed inside nanostructured silica of different natures: oxidized porous silicon, amorphous thin films, nanopowders, and nanoporous sol–gel-derived ceramics. The correlations of processing conditions with emission/excitation spectral properties, relaxation kinetics, and photoluminescence photodegradation behaviors are analyzed. Following the evolution of the photoluminescence (PL) through the “from-bottom-to-up” synthesis procedure, the transformation of molecular-like ultraviolet emission of organic precursor into visible emission of carbon nanoparticles is demonstrated. At the end of the review, a novel method for the synthesis of luminescent and transparent composites, in form of nanoporous silica filled with luminescent carbon nanodots, is presented. A prototype of white light emitting devices, constructed on the basis of such luminophores and violet light emitting diodes, is demonstrated.