Meghan Markle Just Gave Birth!

Break out your plastic tiaras and pour yourself a Pimm's Cup! The newest member of the British royal family is here. After releasing an early morning statement on Monday, May 6, confirming that Meghan Markle, the Duchess of Sussex, was in labor with her first child with Prince Harry, the couple's Instagram account quickly broke the news that Meghan and Harry are now parents to a baby boy.

"The Duchess of Sussex went into labour in the early hours of this morning," the palace's initial statement read. "The Duke of Sussex was by Her Royal Highness’s side."

The palace's birth announcement, via Instagram, came just hours after the Duchess of Sussex had gone into labor. The Instagram gave more updates on mom and baby: "We are pleased to announce that Their Royal Highnesses The Duke and Duchess of Sussex welcomed their firstborn child in the early morning on May 6th, 2019. Their Royal Highnesses’ son weighs 7 lbs. 3oz. The Duchess and baby are both healthy and well, and the couple thank members of the public for their shared excitement and support during this very special time in their lives. More details will be shared in the forthcoming days," the statement read.

Prince Harry also spoke to the press after his son's arrival sharing his absolute elation over the new baby.

"This little thing is absolutely to die for. I'm just over the moon," Harry said, per CNN. "A very healthy boy; mother and baby are doing incredibly well. It's been the most amazing experience I could ever possibly imagine. How any woman does what they do is beyond comprehension. We're both absolutely thrilled and so grateful for all the love and support from everybody out there."

He also revealed they are still thinking about names, confirmed that the baby was overdue, and that they will allow the press to meet their son in two days time.

The palace also confirmed that all members of the royal family have been made aware of the good news, including members from Harry's mother Princess Diana's side. They shared the updates on Twitter as well as a formal announcement outside Buckingham Palace, as per royal tradition.

Baby boy Sussex was born just 13 days shy of his parent's one year wedding anniversary. It also looks like rumors from late February that the couple were having a boy were correct.

And while it usually takes several days for a new royal baby's name to be announced (Kate Middleton and Prince William waited four days to share their name for baby no. 3), odds are high for Albert, Arthur, Alexander, or Philip.

The baby will be seventh in line to the throne, just behind his dad and all three of his cousins, but in front of Prince Andrew, the queen's second son.

The official news of the royal baby's birth comes after false alarms and plenty of rumors that the royal baby had already arrived. Last week, according to the U.K.'s Express, "an ambulance [was] spotted parked near Frogmore Cottage," setting off rumors that it was there for the Duchess of Sussex. However, this was quickly debunked. What's more, considering that Kensington Palace previously announced that Meghan and Harry will “keep the plans around the arrival of their baby private,” speculation that their firstborn had already arrived has been circulating for weeks now.

Harry and Meghan first shared the news of their growing family in October 2018. Since then, the royal couple has given the public tidbits about their excitement over being new parents—from Markle's amazing maternity style to sweet belly-cradling moments to even a few dad jokes courtesy of Harry.

The new baby will be heading to his newly-renovated home in Frogmore Cottage. The royal pair recently moved to Windsor from Nottingham Cottage to raise their child in a less public area. And according to Vanity Fair, the baby will reportedly be living in an eco-friendly nursery decorated in a "monochrome palette" of whites and grays.

See more: Royal Baby Gift Guide: 12 Potential Presents for Prince Harry and Meghan Markle's Newborn