I did as you suggested last night Iclinton. It seems from what I have been reading, that the semiprecious stone is very thin and is usually found deposited on another rock that acts as a substrate. In that situation, it seems to me, the real concern would not be the squid but the rock it was on. You would need to test that to determine if it was safe to use. One of the "typical" rocks that is found attached to it is limestone. That would be a very bad choice of things to put into most tanks. On the other hand a shale is another common substrate and that would probably be fine in the tank.
My own perspective on applying a sealant is more about the worry of what happens if the sealant has any flaws or leaches chemicals through it. If the rock itself is not safe naked, I would not use it no matter how good the coating.