Meghan Markle and Prince Harry Speak Out After Baby Lili's Birth: She's 'More Than We Ever Imagined'

Prince Harry and Meghan Markle are over the moon since welcoming their first daughter, Lilibet "Lili" Diana Mountbatten-Windsor on Friday morning.

Already parents to Archie, 2, the couple shared intimate thoughts on baby Lili via their Archewell Foundation website: "On June 4th, we were blessed with the arrival of our daughter, Lili. She is more than we could have ever imagined, and we remain grateful for the love and prayers we've felt from across the globe. Thank you for your continued kindness and support during this very special time for our family."

The prince, 36, had previously hinted that he liked the name. During a 2019 outing when Meghan was pregnant with Archie, Harry showed interest in the name "Lily," asking a mother how she spelled her daughter's name.

On Sunday, they shared in an official statement that "mother and child are healthy and well, and settling in at home. Lili is named after her great-grandmother, Her Majesty The Queen, whose family nickname is Lilibet. Her middle name, Diana, was chosen to honor her beloved late grandmother, The Princess of Wales."

Can't get enough of PEOPLE's Royals coverage? Sign up for our free Royals newsletter to get the latest updates on Kate Middleton, Meghan Markle and more!

Royal watchers have been anxiously waiting to meet the Duke and Duchess of Sussex's second child since they announced they were expecting on Valentine's Day. A few months later, they revealed that their newest addition would be a daughter in a candid and revealing interview with Oprah Winfrey.

Listen below to our daily podcast PEOPLE Every Day for more on Prince Harry and Meghan Markle's new daughter, Lilibet Diana.

The couple also shared during their conversation with Winfrey in March that they don't plan have any more children following their baby girl's arrival: "Two is it."

"To have a boy then a girl — what more can you ask for?" Prince Harry said at the time, adding that the felt "grateful. Having any child, any one or a two would have been amazing, but to have a boy and then a girl . . . now we've got our family and we've got four of us."