The third-order nonlinear optical properties of two solutions of gold nanoparticles protected by carbazolyldiacetylene derivatives were investigated using the Z-scan technique. Both gold nanoparticle colloid solutions in toluene show unusual fluorescent enhancement and large third-order nonlinear optical properties including nonlinear absorption and refractive effects. When extending the pi-conjugated length of the ligands, the third-order nonlinear properties of composite materials based on gold nanoparticles were enhanced accordingly.