are you talking about applying this the way we used to apply glitter to paper in gradeschool?... apply the glue, or your adhesive of choice to what you want to decorate.. then sprinkle the crushed rock or dust over it?... actually, sounds like it might not be too bad of an idea for grip texture on the handle if the glue held it on tight enough
however.. what many fail to realize that modern synthetic glues although have a longer shelf life.. are quite inferior to the properties of hide glue.. and hide glue can be made waterproof my smoking it over a wood fire (wood vapor contains aldehydes which react with the hide glue to make it water insoluable)... also, hide glue has recently been proven to exist 35,000 years ago, and birch/pine oils have been used even longer... so if you want to go primitive, you can go all-out and still get a good quality end result