The 3 rings for the elven kings under the sky remain being the 3 rings of elven power as long as the One Ring exists. When the elven kings go to Valinor, the rings are not anymore what they used to be. They do not have power anymore, so when the elven kings go to Valinor, the rings are not anymore...
And yes, I presume Valinor is above the sky, to avoid any further plots being schemed against the Valar by Sauron.
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"In place of a Dark Lord you will have a Queen! Not dark but beatiful and terrible as the Dawn! Treacherous as the sea! Stronger than the foundations of the Earth! All shall love me and despair!"
--- Galadriel when tempted by the One Ring.
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