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If it is not a feature built in to the watch to save power when it needs winding, I would say it has a bad gear wheel inside.
I would go here, join, and ask in the Rolex Forum,
These guys are really knowledgeable.
This usually means the battery is dying. Usually the backs on these are very tight, and the back has to be taken off to replace the battery. You might be able to get the back off without damaging the watch, but you probably will not get it back on without breaking the crystal. Best thing to do is take it to a reputable watch repair place or jewelry shop and have them replace the battery for you. Before they begin, make sure they are willing to replace the crystal for free for you if they break it!
when you look at the back are there three small rectangular indents evenly spaced on the edge on the back? If so you'll need a special tool for opening waterproof watches. the tool adjusts to fit the three indents then press down as you turn counterclockwise. you can find the tool on amazon.com or your local jewelry store. make sure the gasket is in place and not damaged before screwing the back on.
here is a link to the tool http://www.amazon.com/Pavilion-Professional-Waterproof-Adjustments-Caseback/dp/B000K3SK0Y