Kimora Lee Simmons and media mogul Russell Simmons divorce has finally been settled, after being separated for 3 years.

The Baby Phat designer obtained sole legal and physical custody of their two girls, 8-year-old Ming Lee and 6-year-old Aoki Lee in June last year.

Russell has visitation with the girls for one week every eighth week. He also gets additional summer vacation and holiday time.

The couple, who tied the knot back in 1998, first announced plans to separate in 2006.

In March 2007, Kimora began dating Djimon Honsou. The couple is

already expecting their first child together.