After window shopping for engagement rings and speaking openly last week about being in a good place with her boyfriend Cy Waits … in a shocking twist of events Paris Hilton has released a statement saying that the couple has split.

“I can confirm that Paris Hilton and Cy Waits have ended their relationship,” Dawn Miller, who represents Paris, said in a statement. “It was a joint and amicable decision. They both have respect and care for one another and ask for you to please respect their privacy.”

Hilton appeared on George Lopez’s late-night talk show “Lopez Tonight” on Tuesday and spoke openly of the split. “We’re not together anymore,” she said. “I love him and we remain really good friends … I feel like the relationship ran its course and we’ll see what happens.”

A friend of the heiress tells People: “Paris still thinks of Cy as a great influence on her life, but she’s just not ready for the next step in a relationship. They definitely are still friends.”

Friends … with benefits, of course!