Graphene monolayer is a material with zero band gap, because of which its applications in optoelectronics are limited. The question arises, can we modify the optoelectronic properties of graphene by doping it with other atoms? Synthesis of 2D monolayer of graphene doped with hetero-atoms such as boron and nitrogen, and a few computational studies of their structural and electronic properties were previously reported. In this work, we aim to answer this question for graphene quantum dots (GQDs), i.e., how can we tune their optoelectronic performance by replacing their carbon rings with (borazine) hexagonal rings? In this work, we have studied in detail the geometry, electronic structure, and optical absorption spectra of fourteen different borazine-ring doped diamond-shaped GQDs, using a computational methodology based on the first-principles density functional theory (DFT). We refer to the doped structures as BN-GQDs, which differ from each other in the location, orientation, and the number of borazine rings. We computed their optical absorption spectra using the time-dependent density-functional theory (TDDFT), and carefully examined: (a) for the single-ring doped BN-GQDs the influence of the location of the ring on their optical properties, and (b) for the double ring doped systems, the influence of the location, mutual distance and orientation of the rings on their absorption spectra. Frontier molecular orbitals of all the structures considered here are studied in detail in order to understand the nature of low-lying optical excitations. We also analyzed the point-group symmetries of considered BN-GQDs, and performed a group-theoretic analysis of the influence of their reduced symmetries, on their optical properties. Our results indicate that BN-ring doping can achieve a significant control over the optical properties of GQDs. The comparison of the optical absorption spectra of the BN-GQDs with the parent GQD shows remarkable spectral broadening with optical gap spanning over infrared to visible region of the spectrum. Thus, systematic BN-ring doping provides easy tunability of the electronic and optical properties of BN-GQDs to a considerable extent which is very promising for their optoelectronic applications.