Spectral reconstruction (SR) is a crucial problem in image processing that requires reconstructing hyperspectral images (HSIs) from the corresponding RGB images. A key difficulty in SR is estimating the unobservable feature, which encapsulates significant spectral information not captured by RGB imaging sensors. The solution lies in effectively constructing the spectral-spatial joint distribution conditioned on the RGB image to complement the unobservable feature. Since HSIs share a similar spatial structure with the corresponding RGB images, it is rational to capitalize on the rich spatial knowledge in RGB pre-trained models for spectral-spatial joint distribution learning. To this end, we extend the RGB pre-trained latent diffusion model (RGB-LDM) to an unobservable feature LDM (ULDM) for SR. As the RGB-LDM and its corresponding spatial autoencoder (SpaAE) already excel in spatial knowledge, the ULDM can focus on modeling spectral structure. Moreover, separating the unobservable feature from the HSI reduces the redundant spectral information and empowers the ULDM to learn the joint distribution in a compact latent space. Specifically, we propose a two-stage pipeline consisting of spectral structure representation learning and spectral-spatial joint distribution learning to transform the RGB-LDM into the ULDM. In the first stage, a spectral unobservable feature autoencoder (SpeUAE) is trained to extract and compress the unobservable feature into a 3D manifold aligned with RGB space. In the second stage, the spectral and spatial structures are sequentially encoded by the SpeUAE and the SpaAE, respectively. The ULDM is then acquired to model the distribution of the coded unobservable feature with guidance from the corresponding RGB images. Experimental results on SR and downstream relighting tasks demonstrate that our proposed method achieves state-of-the-art performance.