Like Uncle Erik asks, are you sure the problem you're having is the result of magnetization? In any case, unless you really know what you're doing inside the watch case, I'd just as well send it it (if it is still under warranty) or hand it off to a local watchmaker/repair man who would be able to help you out.
From what I've seen of the DIY methods, it doesn't look like you have to open it up. Also, I don't think you could make anything worse if you tried it and it didn't work. So you might want to give it a try, especially since they'll probably bundle a cleaning and fresh gaskets into the repair if you send it in.
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