Lucy Ormonde Sunday 22 January 2012 2:17pm

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Update: Supermodel Heidi Klum and singer Seal – the couple famous for their elaborate Halloween costumes and tradition of renewing their vows every year – have released an official statement after days of speculation about a possible separation. Here’s what it said:

“While we have enjoyed seven very loving, loyal and happy years of marriage, after much soul-searching we have decided to separate.

“We have had the deepest respect for one another throughout our relationship and continue to love each other very much, but we have grown apart. This is an amicable process and protecting the well-being of our children remains our top priority, especially during this time of transition.

“We thank our family, friends, and fans for their kind words of support. And for our children’s sake, we appreciate you respecting our privacy.”

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Earlier today,  Seal added to the speculation when he cryptically tweeted ‘The end’.

The couple married  in 2005 and have three kids together. Seal has also adopted Heidi’s daughter from a previous relationship.

Here’s the initial report from TMZ:

Sources with direct knowledge tell TMZ … Heidi will file divorce papers in L.A. County Superior Court as early as next week. We’re told Heidi will cite “irreconcilable differences” as the cause for the divorce.

The couple married May 10, 2005. They have 3 biological kids. Seal adopted Heidi’s eldest girl from a prior relationship.

The couple is famous for renewing their vows every year on their anniversary … in a lavish ceremony.

As for splitting up the goodies, there’s a lot on the line. According to Forbes, in the last year alone, Klum raked in $20 million. It’s unclear how much Seal made.

Here’s a video of a duet between Seal and Heidi at the 2007 Victoria’s Secret Show.