not necesarily, can you see a knick in either of the two blades? use a magnifying glass and see if you can see any damage first.
Then try changing the fixed bottom blade only first, you may have got a replacment top blade in your accessory bag new with the machine.
The blades themselves are very high grade steel just like scissor blade so should last for quite a long time, provided they don't come into contact with a pin.
You can buy the bottom blade for your machine here
http://www.sewingpartsonline.com/lower-knife-babylock-60544.aspx along with the top blade and other spares.
Also, remember to clean the blades of lint regularly and give them a wipe with a cloth moistened with a little clear sewing machine oil from time to time.
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