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Tatiana Santo Domingo, Andrea Casiraghi, Pregnant

Pascal Le Segretain/Getty Images

There's a new royal baby! (And no, not that one…)

Monaco's royal palace announced that Princess Caroline's eldest son, Andrea Casiraghi, and his wife Tatiana Santo Domingo welcomed their second child earlier this week.

"Her Royal Highness the Princess of Hanover and Mrs. Vera Santo Domingo are delighted to announce the birth of their granddaughter, born on 12 April 2015," the statement read. "Mother and baby are doing well."

Hello! magazine is currently reporting that the baby's name is India, however the moniker has yet to be confirmed by the palace.

The proud new parents welcomed their son, Alexandre (who is known as Sacha) back in 2013, months before tying the knot in August that same year.

Santo Domingo and Casiraghi dated for seven years before he popped the question back in 2012.

Their daughter's birth comes only four months after Andrea's uncle Prince Albert welcomed twins with his wife, Princess Charlene, named Prince Jacques Honoré Rainier and Princess Gabriella Thérèse Marie.

Less than four weeks after they were born, the royal couple stepped out on the balcony of the Palais Princier to introduce their wee ones to the world.

"I don't have the words to describe how it felt then or the deep joy I feel now," Albert told Paris Match.

"Having children—and twins at that—is an extraordinary experience. It's unique. And it's a challenge for us as parents."

Prince Jacques and Princess Gabriella are set to be formally christened in Monaco's Cathedral on May 10.

It's quite an exciting time for Monaco!