The aim of this work is to investigate contrasting spectral trends observed in carbonaceous chondrites by simulating space weathering effects on a subset of minerals found in these meteorites. We use pulsed laser irradiation to simulate micrometeorite impacts on aqueously altered minerals and observe their spectral and physical evolution as a function of irradiation time. Irradiation of the mineral lizardite, a Mg-phyllosilicate, produces little reddening and darkening, but a pronounced reduction in band depths. Irradiation of an Fe-rich aqueously altered mineral assemblage composed of cronstedtite, pyrite and siderite, produces significant darkening and band depth suppression. The spectral slopes of the Fe-rich assemblage initially redden then become bluer with increasing irradiation time. Analyses of the Fe-rich assemblage using scanning and transmission electron microscopy reveal the presence of micron sized carbon-rich particles that contain notable fractions of nitrogen and oxygen. Radiative transfer modeling of the Fe-rich assemblage suggests that npFe0 particles result in the initial spectral reddening of the samples, but the increasing production of micron sized carbon particles results in the subsequent spectral bluing. The presence of npFe0 and possibly cronstedtite likely promotes the synthesis of these organic-like compounds. These experiments indicate that space weathering processes may enable organic synthesis reactions on the surfaces of volatile-rich asteroids. Furthermore, Mg- and Fe-rich aqueously altered minerals are dominant at different phases of the alteration process. Thus, the contrasting spectral slope evolution between the Fe- and Mg-rich samples in these experiments may indicate that space weathering trends of volatile-rich asteroids have a compositional dependency that could be used to determine the aqueous histories of asteroid parent bodies.