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We’ll always have Paris, just not Parises.

Paris Hilton said Saturday that she has–shock, gasp–ended her five-month engagement to Paris Latsis because she’s “not ready for marriage” and didn’t want it to end in divorce.

“I feel I’m just not ready for marriage,” the celebutante said in a statement released to The Associated Press. “I have seen the breakups between people who love each other and rush into getting married too quickly. I do not want to make that mistake.”

The couple became engaged in the spring, and Paris, the Greek shipping heir, gave Paris, the hotel heiress, a 24-carat, $5 million diamond engagement ring. Hilton said she still loves Latsis, and the pair will continue to work together on business endeavors and have “movies together in the works.”

Let’s hope these movies are suitable for family audiences.

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Edited by RedEye staff (ritaredeye@tribune.com)