Basically, they defeated Michel/Michal (?) can never remember who's who because of the names being so similar, in a peaceful way, rhito's sister michal/michel (?) was given a second chance at life by aqua regina. Happy ending, but luchia get's sick because she'd been keeping Seira's pearl in addition to her own, and i guess it had drained a lot of her energy. Aqua regina came to her in her-luchia's- sleep and basically luchia is the new Aqua Regina- the new goddess of the seas. she and kaito live happily ever after with the last page- i think the last page- shows the day where they "first" -luchia in her human form- met and started a relationship. hope this helps!
Wait, I just looked back. Ok what I said before was not entirely incorrect, but apparently when luchia got sick i think she was supposed to have died- cause aqua regina told her she- luchia- had lived to extent of her strength. However, aqua regina decided to give luchia her powers and position of goddess of the sea, therefore saving luchia's life. I'm pretty sure that's basically what happened..............
eh... i dont get the ending? can somebody explain?