Now THAT is something...let's see what we can do with that.
Orc is each - Ort/Ohm Ral Cham...I'd say in an axe, for it being an orc. Somebody? Try 1h and 2h respectively.
Human - Hel Um Mal Amn Nef, again very well defined...
Elf or Elves- TOUGH...very tough. Do they have a proper name in their own language? El Fal in a knife? El Vex El/Eth/Eld Sol/Sur in a bow? WAY too many options...
Dwarf - Uh-oh. W? Do they have a proper name in their own language? In a hammer...or armour if there's a good proper name. Maybe in a shield, too...
Gnome - Gul Nef Ohm/Ort Mal Eth/El/Eld. Expensive...in...what? Staff would be guess 1.
Tauren - Tal Amn Um Ral El/Eth/Eld Nef, not bad...probably in a club, barb helm, or any helm.
Undead - Um Nef Dol El/Eth/Eld Amn Dol? Maybe Lich, since your characters really are, Lum/Lem Io/Ith/Ist Cham Hel? Most likely in helm or armour.
Trolls/Troll - Tal Ral Ohm/Ort Lem/Lum Lem/Lum Sur/Sol or without...in what though?
These are really long though...there's DEFINITELY something here though, what with Blizzard trying to promote WoW through D2.