Will the tyndall effect (discoloration around my nasolabial folds and jawlines) disappear eventually?

I would suggest having the filler melted away with some vitrase.  This discoloration can last for a long time and it is worth melting the filler away.  Once the filler is gone, the blue hue will disappear.

The Tyndall effect occurs when light strikes filler that is too
superficially placed through the skin. It is easily corrected with
hyaluronidase, which can be injected to dissolve the filler that is
showing through.  It's not worth waiting for the product to go away on its own as this can be a very long time.  It can be avoided with proper injection technique or
with the use of Belotero, which can be injected superficially without
concern for the Tyndall effect. Be sure your physician is an
experienced "core" injector (facial
plastic surgeon, plastic surgeon, dermatologist, or occuloplastic
surgeon). This is because we all have a keen understanding of facial
anatomy and the effects of injecting fillers in different
regions of the face. I wish you well!