Los Angeles - Beyoncé and Jay Z have renewed their wedding vows in a "romantic" commitment ceremony, according to a report.

The couple, whose relationship has been the source of much speculation over the last few months, have recently been on holiday in Europe as Beyoncé celebrated her 33rd birthday and it's claimed that they renewed their vows in a small private ceremony in Corsica earlier this month.

A source told Grazia magazine: "They were joined on a private beach by Beyoncé's mum Tina, their daughter Blue Ivy and a small group of close friends and recited a new set of vows during a short but very romantic ceremony, which doubled up as a birthday celebration."

The source added: "The small wedding party celebrated with drinks and food made by the couple's private chef. Afterwards, they rented a luxury $500 000 a yacht to cruise around Italy, which they have been calling their second honeymoon.

"From now on, they intend to mark the day of the ceremony as their new wedding anniversary and have told friends they are focusing firmly on their future together."

Meanwhile, it's also widely rumoured that the couple are working on a new album together.

The pair have just completed their 'On The Run' joint world tour and are now planning to head into the recording studio together for a record, which is likely to be released either later this year or early 2015.