engagement ring diamond is loose in its setting?

sunshine in september asked:


the diamond in my engagement ring keeps getting loose. When I first got it it was really loose so I had it tightened. The jeweler said there was always a chance the corner could chip while tightening it so he didn’t tighten it all the way. So now it is loose again. It just slides a little bit when i push it with my finger nail. It is a princess cut (square) with a prong holding it at each corner. Should I be worried that it will fall out? If I take it to get tightened at a different store should I be worried about the corner chipping if they tighten it too much?
I dont have insurance on it and my fiance bought it from a jeweler that is several states away from where I am… eek

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