(CNN) – Meghan, Duchess of Sussex has given birth to a daughter, the second child for her and Prince Harry, the couple announced in a statement on Sunday.

“It is with great joy that Prince Harry and Meghan, The Duke and Duchess of Sussex, welcome their daughter, Lilibet ‘Lili’ Diana Mountbatten-Windsor, to the world,” the statement said.

“Lili was born on Friday, June 4 at 11:40 a.m. in the trusted care of the doctors and staff at Santa Barbara Cottage Hospital,” it said, adding that the new arrival weighed in at 7 pounds, 11 ounces (3.49 kilos) and that “both 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,” the statement added.

Baby Lili is a sister for the couple’s 2-year-old son, Archie Harrison.