And the Royal Baby Name Is . . . Charlotte Elizabeth Diana!

We have a name for Prince William and Kate Middleton's newborn princess! "The Duke and Duchess of Cambridge are delighted to announce that they have named their daughter Charlotte Elizabeth Diana," Kensington Palace announced via Twitter on Monday. "The baby will be known as Her Royal Highness Princess Charlotte of Cambridge." The moniker pays tribute to both William's mother, the late Princess Diana, and his grandmother Queen Elizabeth II. Princess Charlotte will be fourth in line for the throne, just after her older brother, Prince George, and before her uncle Prince Harry.

Baby Charlotte was born on Saturday morning at 8:34 a.m. London time, weighing 8 lb. 3 oz. We got our first glimpse of her later that day with her adoring parents in front of the Lindo Wing at St. Mary's Hospital. Since Kate's pregnancy was announced last year, Brits had been betting on names for the second royal baby; according to English betting house Ladbrokes, the most bet-upon names for girls included Alice, Elizabeth, Charlotte, Alexandra, and Victoria.