J Lo and Marc to divorce

Jennifer Lopez and Marc Anthony announced their divorce.

The couple who have been together for seven years of marriage finally reached its end of the road.

Here's J. Lo & Marc Anthony's joint statement to PEOPLE,

"We have decided to end our marriage,"

"This was a very difficult decision. We have come to an amicable conclusion on all matters."

"It is a painful time for all involved," the statement continues, "and we appreciate the respect of our privacy at this time."

Jennifer Lopez, 41 and Marc Anthony,42 was wed in a secret ceremony at their residence at Beverly Hills back in June 2004.