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Gwyneth Paltrow, Chris Martin separate after 11 years of marriage

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Actress Gwyneth Paltrow, 41, and Coldplay frontman Chris Martin, 37, have called it quits after 10 years of marriage.

The couple, currently holidaying in Bahamas with their kids -- Apple, 10, and Moses, seven, announced their separation, bizarrely calling it 'Conscious uncoupling,' on Paltrow's lifestyle website Goop a few hours ago.

Here's what the official announcement says:

It is with hearts full of sadness that we have decided to separate. 

We have been working hard for well over a year, some of it together, some of it separated, to see what might have been possible between us, and we have come to the conclusion that while we love each other very much we will remain separate.

We are, however, and always will be a family, and in many ways we are closer than we have ever been.

We are parents first and foremost, to two incredibly wonderful children and we ask for their and our space and privacy to be respected at this difficult time.

We have always conducted our relationship privately, and we hope that as we consciously uncouple and coparent, we will be able to continue in the same manner.

Love,
Gwyneth & Chris