Beyonce & Jay-Z Welcome Healthy Baby Girl!

Now ALL the rumors can be put to rest…

Beyonce and Jay-Z have offically welcomed a healthy baby girl Saturday night at Lenox Hill hospital in New York.

So the next question is: What’s the name!? Drumroll, please…

Blue Ivy Carter!

E! News originally reported that the child’s name was “Ivy Blue Carter,” which was a mistake. E! reporter Ken Baker later corrected the error with information from the couple’s friends confirming the newborn was actually named “Blue Ivy.”

The couple’s close friend and fellow Hollywood heavyweight Gwyneth Paltrow confirmed the baby’s arrival (and name) on Twitter, writing: “Welcome to the world Blue! We love you already.” She even helped clarify to other confused fans. One Twitter user asked “@GwynethPaltrow is it ivy blue, or blue ivy? so confused.” Paltrow responded “It’s Blue Ivy Carter!”

So why Blue Ivy!?

Well first, the name “Blue” is a tribute to Jay-Z. His franchise albums have been called “Blueprint.” Blue also contains four letters. Blue was also the color used in Ancient Egypt to represent the heavens. It symbolizes inspiration, sincerity and spirituality.

Also “Ivy” is the significance of the number “4″ or “IV.” Both Beyonce and Jay-Z were born on the fourth — Sept. 4 and Dec. 4, respectively. They were also married on April 4, 2008, and Beyonce’s latest album is ”4.”

& Beyonce’s been throwing us hints the whole time by wearing BLUE for most of her pregnancy. She’s so clever!!