Abstract: A grinding tool kit, apparatus and method for finish machining of a rolling surface of a bearing roller. The apparatus comprises a main machine, an external circulation system, a grinding tool kit and a grinding tool kit clamp. A configuration of the main machine comprise a grinding strip assembly rotary type and a grinding sleeve rotary type. The external circulation system comprises a collection unit (41), a sorting unit (42), a feeding unit (43) and a transmission subsystem. The grinding tool kit comprises a grinding sleeve (21) remaining coaxial during working, and a grinding strip assembly penetrating through the grinding sleeve (21), an inner surface of the grinding sleeve (21) is provided with a first spiral groove (211); and the grinding strip assembly comprises a plurality of grinding strips (22), front surfaces of which are provided with linear grooves (221) or second spiral grooves distributed in a circumferential columnar array.