Particulates from compression ignition (CI) engines have received serious attention in the last two decades. CI engines emit higher particulate matter (PM) and nitrogen oxides (NOx) than spark ignition (SI) engines. Both these species are harmful to human health and the environment. Compared to NOx emissions, PM constitutes many more chemical species in solid and liquid phases. This review paper focuses on soot morphology and chemical characterization of PM emissions from CI engines. Effects of different fuels, lubricating oil, and engine operating conditions on particulate characteristics are analyzed exhaustively. The first part of this paper focuses on the effects of particulates on living organisms, the consequences of exposure to diesel particulates, and the composition of diesel particulates. In recent decades, micro and nano-scale characteristics of PM have been exhaustively investigated to understand its structure, formation, and chemical functionalities. Typically, particulates comprise of elemental carbon (EC), organic carbon (OC), polycyclic aromatic hydrocarbons (PAHs), the soluble organic fraction (SOF), and trace metals. This paper summarizes most aspects of diesel particulate emissions for the benefit of active researchers in the field and underlines the importance of particulate emission reduction from the CI engines. Diesel combustion generates particles with enormous long-chain aggregates of smaller sizes and immature soot particles. Low-temperature combustion (LTC) modes and oxygenated fuels reduce the soot emissions and generate compact/clustered aggregates. Oxygenated fuels in CI engines produce more nucleation mode particles (NMPs) and high-reactivity soot aggregates. Higher trace metal concentrations were observed in diesel origin particulates than biofuel origin particulates. Biodiesel origin particulates possess higher mutagenicity and carcinogenicity because of nitro-PAHs. Transient engine operations cause higher particulates than steady-state engine operations.