The invention discloses a grinding wheel grinding and finishing device. The device comprises a grinding wheel, a frame, a baseplate, an adjusting plate, a panel, a fixing column and a diamond pen, wherein the adjusting plate is positioned at the top of the baseplate; the panel is positioned at the top of the adjusting plate and is in threaded connection with the baseplate; the fixing column is positioned at the left side of the frame and is rotationally connected with the frame; and the diamond pen is positioned at the middle end of the fixing column, and is tightly matched and connected with the fixing column. The device realizes the standard grinding and finishing, and largely improves the grinding and finishing quality and efficiency of the grinding wheel.