LOS ANGELES, California (AP) -- Paris Hilton has ended her five-month engagement to a Greek shipping heir, a celebrity magazine reported.
The celebutante broke off wedding plans with Paris Latsis, according to a report posted Friday on Us Weekly's Web site.
"I'm sad to announce that I've called off my engagement," Hilton told the magazine.
"Over the last couple months I've realized that this is the right decision for me," Hilton said.
"We remain best of friends, and I'll always love him," Hilton's statement added. "I hope people will respect my privacy during this emotional time."
Hilton, 24 and Latsis, 22, became engaged in the spring.
"I'm so in love and grateful to have found such an honest and loyal person," Hilton told Us Weekly at the time.
"I feel like we were meant to be, and I'm happy to have found someone to spend the rest of my life with. He's amazing in every way."
Latsis gave the hotel heiress and reality television show star a 24 carat, $5 million diamond engagement ring.
It was not immediately clear what would happen to the ring.