NumPy: Return 0 with divide by zero

I'm trying to perform an element wise divide in python, but if a zero is encountered, I need the quotient to just be zero.

For example:

array1 = np.array([0, 1, 2])
array2 = np.array([0, 1, 1])

array1 / array2 # should be np.array([0, 1, 2])

I could always just use a for-loop through my data, but to really utilize numpy's optimizations, I need the divide function to return 0 upon divide by zero errors instead of ignoring the error.

Unless I'm missing something, it doesn't seem numpy.seterr() can return values upon errors. Does anyone have any other suggestions on how I could get the best out of numpy while setting my own divide by zero error handling?