If done properly, probably.

> In February 2021, a WorkSafe Inspector attended the workplace and observed an employee using a powered abrasive polishing tool to abrasively polish a slab of white coloured stone which was from the brand Stone Ambassador. The tool was being used without the required control measures in place. Instead, the employee was applying water to the stone from a bottle with a small hole in the lid when the tool was in use.

Yes, it is. There's an ABC article about this, they interviewed one particular business owner who has gone to great lengths to get good equipment which cuts engineered stone with wet saws which don't generate dust, and has worked hard to instill a culture of safety with his workers. Nobody working there has silicosis.

As per the rest of the comments here, it just seems that most tradies would rather literally die than implement any reasonable safety precaution.

There is an easy, cheap and well-tested air cleaner: wet cutting, i.e. cutting under running water. All dust will be bound in the runoff, almost no airborne particles. But it is messy (often not doable indoors, because you splatter everything with rock slurry) and just a little more expensive gear than for dry cutting. So nobody does it...