A new and distinct Echeveria cultivar named ‘Arctic lace’ is disclosed, characterized by rosettes of frosted baby blue leaves with an unusual leaf shape that is uplifted towards the center of the plant. Foliage is anfractuously crenulate with a hyaline margin. The new cultivar is robust growing enabling faster production times for finished commercial pots. The new variety is an Echeveria, part of the Crassulaceae complex that includes Aeonium, Crassula, Graptopetalum, Pachyphytum, Sedum and others. Echeveria is a popular genus, typically produced as container plants for the patio or as landscape plants, as a variety of ornamental purposes.