Fine particulate matter is, on account of its aerodynamic properties and typical composition (especially diesel particulate matter and carbonaceous particles) the particulate pollutant potentially most harmful to cultural heritage, representing an aesthetic issue and an agent of chemical degradation simultaneously. This paper reviews the current knowledge of the life-cycle of fine particulates, focussing on diesel particulate matter from emission to deposition, including its aesthetic and chemical consequences, and draws attention to some imbalances in the current state of research. The currently available measurements are biased towards coarse dust, and information on the consequences of particle deposition is largely restricted to the outdoor environment. More evidence on the chemical effects of the most common types of fine particulate matter in typical indoor materials is needed to enable risk assessment for indoor collections.