This year marks the 70th anniversary of GEM Pawnbrokers’ presence as a pawnbroker and financial lender in the New York City area. Today, we take a look back at how a small shop grew over seven decades into the nation’s largest chain of pawnshops.
In 1947, founder Martin Kaminsky opened the first GEM Pawnbrokers shop in the New York area. In 1975, the business expanded to include GEM Financial Services, Inc., an industry-leading financial solutions consulting business for the pawnbroking industry. Over time, GEM Pawnbrokers grew to 28 branch locations and eventually became the largest privately-held pawnshop chain in the entire U.S.
Today, GEM Pawnbrokers continues to be a family-owned and operated company. Founder Martin Kaminsky’s son Mitchell serves as the current Chairman of the Board, his granddaughter Rachel Wilen serves as President, and his daughter Eileen Kaminsky serves as VP of Marketing.
28 Locations, Thousands of Loyal Customers
With over two-dozen shops spread across the New York City metropolitan area, GEM Pawnbrokers has served thousands of customers throughout its 70 years of business. Our deeply loyal customer base is not only the key to our success, but also our favorite part of the job. We strive to be a trusted and responsible financial lender to the communities that surround each of our locations.
As we enter our next decade of pawnbroking service, GEM Pawnbrokers aims to continue our dedication to customer service. To learn more about GEM Pawnbrokers’ history, quality inventory, and personal cash loan services, visit one of our many store locations or give us a call at (718) 596-5626.