Chelsy Davy and Prince Harry
Nigel Bennett /Express UK/ZUMA; INF
Britain's Prince Harry
and his Zimbabwe-born girlfriend Chelsy Davy, 23, are calling it quits after five years, a royal source confirms to PEOPLE.
The 24-year-old prince parted amicably with Davy, a post-graduate law student at Leeds University, three weeks after the couple spent a romantic holiday together in the Indian Ocean nation of Mauritius.
"They are remaining friends," says the royal source. "There have been all sorts of reasons given [for the split] but suffice it to say they felt that it had run its course."
According to the British newspaper News of the World
, Davy, the daughter of a millionaire safari operator, made the decision to break up after tiring of the prince's playboy antics.
The pair met through mutual friends in 2004 and conducted a long-distance relationship for three years while Davy studied at a university in Cape Town, South Africa, and Harry was enrolled at Britain's Sandhurst military academy.
Last week, Harry – who recently came under fire
for uttering racist comments caught on videotape – began a new phase of his military career, a 2½-year course with the Army Air Corps in helicopter pilot training.
Reporting by SIMON PERRYRELATED GALLERY:
2002: Harry gets caught smoking marijuana! RELATED ARTICLE:
Harry & Chelsy double date with William & Kate