Richard Gere and his wife of 11 years, Carey Lowell, have separated and are planning to file for divorce, according to the New York Post's Page Six.

Gere, 64, and model/actress Lowell, 52, haven’t been photographed together since a Hamptons screening of his Wall Street thriller “Arbitrage” last year, and one source close to the couple said they’ve “been spending time apart for quite some time.”

Another source added that the two have drifted into different lifestyles as the Buddhist actor craves privacy and Lowell likes socializing with other bigwigs.

“They have a place in Bedford [NY], and he likes it because it’s quiet and he likes the solitude,” said the insider. “She likes being in North Haven in the limelight. They live next door to Jimmy Buffett and his family, and they’re good friends.”

A source said that it’s unclear when exactly the couple will file for divorce. Gere was previously married to Cindy Crawford, while Lowell’s been married twice before — to photographer John Stember and actor Griffin Dunne. Gere and Lowell have a son, Homer. They were together for seven years before they tied the knot.

Click here for more on the story from Page Six.