We will have Zirak (later Gamil Zirak) and we've had Gamil Brôg and Norn. We have Telchar and Azaghâl and Laurin (the King of Nogrod). We will (eventually) have Mîm.
So, we should probably pick a name that doesn't sound like any of those 😛
I'm not sure if we want to attempt a Khuzdul name, but I would eventually want a red-bearded dwarf of Nogrod to have a name with the element 'baraz' in it (means red, ruddy). I'm not sure if baraz+turg = red beard, but maybe?
I imagine this is a dwarf of Belegost though, so I propose we just name him Spike. It's Zigil in Khuzdul (probably) and Karag in Sindarin. Or Kail in Sindarin (if you're talking about a whole fence of spikes/palisade). From the root Keg = Barb.