Kafetzou, it is present, but in a poetical way. It could also have been future (but that was considered vulgar).
Talking about nobilities, esp kings and queens, who never gave birth to anything but the loveliest amongst children.
The text should be regarded like "gossip" about what the child would be, boy/girl, a girl was a tragedy in it self so one hoped that she would have good looks in order to be married to a noble man.