Katie Holmes holds divorce partyWe’ve heard of being happy that a relationship has ended but we’d never heard of a divorce party… that is until now.

Katie Holmes is set to host a do to mark the one year anniversary of her divorce from Tom Cruise.

The pair ended their six year marriage last year and now the actress is planning to thank all her close friends and family for their support with an intimate celebration.

The bash will take place later this week at upmarket Manhattan hang out Jane hotel and it’s said to involve plenty of champagne as Katie, 34, raises a glass to her split from the Cocktail actor.

An insider said: ‘The mood of the party will be enjoyable and emotional, with Katie wanting to thank them for their support throughout a momentous year.’

Since breaking off their marriage Katie has been busy raising the couples daughter Suri, 7, as well as starring in Broadway show Dead Accounts. Meanwhile Tom continues to work on the Mission: Impossible franchise with a fifth film coming out in 2015.

We wonder if divorce parties are a tradition that will catch on with us Brits?